Individuals behind collapsed banks will be punished – Mahama

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President John Dramani Mahama has pledged firm action against individuals found culpable for the collapse of indigenous banks and financial institutions during the previous Akufo-Addo administration.

In a national address on Wednesday, May 7, marking his first 120 days in office, President Mahama underscored his government’s commitment to transparency, accountability, and the restoration of trust in Ghana’s financial system.

He disclosed that the Minister of Finance, Dr. Cassiel Ato Forson, has initiated a formal investigation into the bank failures that shook the country’s financial landscape.

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“The Minister of Finance Dr. Ato Forson has launched an inquiry into the collapse of indigenous banks and financial institutions. Make no mistake, facts will be unearthed, culprits will be punished, and lessons will be learnt,” Mahama affirmed.

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