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PPP: Akufo-Addo gov’t unleashes Kennedy Agyapong to defend banking crisis

The Progressive People’s Party (PPP) Policy Advisor, Kofi Asamoah Siaw,  says the Akufo-Addo led  government has unleashed Member of Parliament for Assin Central, Kennedy Agyapong, into town in a desperate attempt to absolve the government from any blame in the collapse of the local banks.
Mr. Kofi Asamoah Siaw, PPP Policy Advisor

24NEWS.NEWS reproduces full write up below: 

We have observed that the NPP government has unleashed Hon. Kennedy Agyapong into town in a desperate attempt to absolve the government from any blame in the deliberate and orchestrated collapse of some of the local banks.

Let us clarify right from the very onset that, different reasons where given for the collapse of each of the banks that were collapsed. We are writing this in respect of GN Bank or GN Savings&Loans whose given reason was that it was insolvent at the time of revocation of its license. We dispute this and we are in court on that wrong decision.

For the avoidance of doubt, there is NOTHING that Hon. Kennedy Agyapong, and for that matter any NPP member, would say that will be able to divert attention from the fact that GN Bank was deliberately collapsed by this NPP government.

There is also NOTHING that he would say that is not already known in the public domain. This attempt to incite customers and the general public against the directors/shareholders of some of the collapsed banks will not succeed.

The government must deal with the anger of the electorate against its deliberate collapse of local businesses, the refusal to pay legitimate claims of contractors and the resultant job losses and the economic hardships being experienced.

We welcome the debate and we invite everyone to stay focused and be factual to the issues and not attempt to demonize and castigate private enterprise and destroy the reputations and businesses of illustrious sons of our land who dare to become entrepreneurs and create jobs and other opportunities for the people.

We cannot stand silent while they KILL our prophets in the name of politics. Enough is enough! Ghana before political party! It is in this light that we welcome the legitimate question posed by the revered Bishop Charles Agyin-Asare, to the effect that if there was nothing that could be done to save GN Bank from collapse.

Indeed, there was something that could be done and it was for the Minister of Finance to confirm the total receivables (monies from government agencies) due to GN Savings&Loans to the governor of Bank of Ghana. This simple exercise was ignored and the governor proceeded to announce a revocation of GN Savings&Loans license. This is nothing but cruelty.

The facts STILL remain that Mr. Ken Ofori-Atta, employed his combined powers of the Ministry of Finance and that of the Bank of Ghana to do harm to Dr. Papa Kwesi Nduom and his GN Bank.

We will deal with the questions of affiliate companies and insolvency in due course.

The debate will be exciting and intriguing and we know there will be attempts to demonize and destroy some bank owners etc but the facts in respect of GN Bank remain, that government’s actions led to its deliberate collapse, championed by the Hon. Ken Ofori-Atta, the Finance Minister, with the tacit endorsement of His Excellency Nana Akufo-Addo, who ironically is believed to be a champion of private enterprise!

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