NDC will forestall ‘Menzgold, DKM adventure’ by setting up money related administrations authority – John Mahama


Ghana’s former President John Dramani Mahama has promised to set up a monetary administration’s position to help smooth out the money related area in Ghana when chosen as President in December 2020.

John Mahama said as has been presented in different economies, the move will guarantee the counteraction of the breakdown of the monetary segment in scenes, for example, that of DKM and Menzgold where investors have their speculations bolted up.

The budgetary administration’s authority, he stated, will be answerable for guaranteeing that customer money related markets work for shoppers, suppliers and the economy in general.

“The authority will oversee all financial products and services that are offered to consumers, and will effectively and efficiently prevent and stop the challenges that have confronted customers of Menzgold, DKM among others.

“We will restore Ghanaian indigenous investment in the banking and financial sector through a tiered banking structure in order to restore viable credit sources for Ghanaian SMEs. We will make amends for those whose businesses were collapsed due to political victimization,” he added.

The former president who was talking at an official ceremony to present his presidential running mate, Professor Naana  Jane Opoku-Agyemang to the electorate in Accra on Monday night additionally vowed to pay every extraordinary speculation made by investors in the fallen money related establishments inside his first year in office as President.

The acquaintance function was additionally with fill in as an open door for Prof. Opoku-Agyemang to make her lady strategy proclamation after her declaration as running mate.

Mahama said the new NDC government will respect its vows to the electorate and that his legislature will pay clients their monies secured up speculations fallen money related establishments.

He said the following NDC organization will not set up any drawn-out instalment designs that will additionally exacerbate the day to day environments of the casualties of the fallen establishments.

“My heart goes out to the many who have been affected by this [NPP] government’s unjustifiable collapse of Ghanaian-owned financial institutions,” he said.

The NDC flagbearer said it is awful to hear government authorities legitimize the gigantic sums it is spending to deal with the effect of the breakdown, presently put at ¢21 billion.

“I weep for the many who have lost their jobs, the many who have lost their businesses, the many who have lost their livelihood among others.

“I pledge on behalf of the NDC that we shall pay within one year all who have funds locked up with the collapsed financial institutions. Within one year. I promise!” he said.

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