
Audio By Carbonatix
Member of Parliament for Bolgatanga Central, Mr Isaac Adongo, has called for a broader national conversation on the rationale and cost of the banking sector clean-up, following the Attorney-General's decision to discontinue the criminal case against former Finance Minister, Dr Kwabena Duffuor, and seven others linked to the collapse of uniBank.
Mr Adongo's comments came shortly after the Attorney-General filed a nolle prosequi, effectively ending the long-standing legal proceedings that stemmed from the Bank of Ghana’s decision in 2018 to revoke UniBank’s licence, citing insolvency and mismanagement.
Speaking on JoyNews Newsfile on Saturday, July 26, Mr Adongo questioned the logic behind the massive financial outlay associated with the banking sector reforms, which, according to him, cost the state over GH₵30 billion.
“I think that the country must open a bigger conversation into the decisions, the rationale behind collapsing the banks and spending 30 billion, when it has become very clear that we just avoided a 6.9 billion problem with just 2 billion,” he stated.
He emphasised the need for accountability and transparency, particularly regarding the use of public funds to resolve what he described as manageable financial sector challenges.
Latest Stories
-
CNC reaffirms commitment to preserving Ghana’s cultural heritage
45 seconds -
Assemblies of God Church pays tribute to Yaa Naa Mahama Abukari II
2 minutes -
No more pen and paper by end of July for lottery operations – NLA boss
5 minutes -
Russia, Ghana explore cooperation in nuclear energy, fertiliser production and mining
26 minutes -
GACL reminds public to seek approval for cultural performances at airport
29 minutes -
Russia allocates 120 scholarship slots for Ghanaian students for 2026/27 academic year
29 minutes -
Tourism Ministry takes over former Finance Annex Building to boost operations
30 minutes -
Minority cites ‘major defects’ in Wontumi judgment, vows legal, parliamentary action
33 minutes -
Dozens hurt in Bologna protests after man dies while being restrained by police
35 minutes -
KATH appeals for more support as wheelchair shortage hampers patient care
36 minutes -
AU Health Commissioner pushes for stronger domestic financing of Africa’s health systems
36 minutes -
Bole-Bamboi MP praises late Ya-Na as peaceful, selfless and development-oriented leader
42 minutes -
Reverse illegal deductions from service personnel allowances – Manasseh Azure Awuni to NSA
44 minutes -
Russia, Ghana trade volume rises to over $800m as Moscow seeks deeper cooperation
50 minutes -
GIFMIS trains Social Investment Fund staff to strengthen public financial management
54 minutes