Audio By Carbonatix
Customers whose finances or other assistance packages, especially those from politicians are channelled through Banks, should allow the financial institutions to disburse the packages according to established regulations.
Mr. Peter Mensah, manager of Mfantseman Community Bank, who gave the advice, said even though Banks would continue to serve their customers in any capacity, they would not compromise banking regulations.
He was commenting on the impatience of some customers whose packages were channelled through the Community Bank in an interview with GNA, at Biriwa in the Mfantseman District.
Mr. Mensah said it was unfortunate that some customers wanted their money or inputs to be disbursed to them as soon the Banks received them.
He explained that since the banks would be held responsible for the payment of such money in case of default, it was important to establish the identity and credibility of beneficiaries.
Mr Mensah cited that the cost of inputs supplied to fishermen and farmers through banks were debited against the accounts of the banks when beneficiaries defaulted, and the banks had to chase them, most of whom had migrated to other parts of the country.
Mr. Peter Akanyuare Project Officer of the Community Bank, appealed to politicians to educate people they wanted to help to exercise patience with the banks in the disbursement of packages.
He asked politicians to explain to the people that the packages were to assistance repayable to enable others enjoy the packages.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana, 2 others to see strong absolute growth in electricity consumption – Fitch Solutions
6 minutes -
Return to bond market on gradual basis – IMF to government
30 minutes -
Activist Felicity Nelson brings Christmas comfort to Accra Police cells
39 minutes -
Obuasi Bitters Luv FM Nite with the Stars Thrills Kumasi on Christmas Eve
39 minutes -
4 banks including one state bank remain severely undercapitalised – IMF
58 minutes -
Police arrest 28-year-old with 98 parcels of suspected cannabis in Tamale
1 hour -
Does Goldbod owe BoG US$214m, or has BoG lost US$214m? A policy and financial risk analysis
3 hours -
US Congressman says airstrikes first step to ending killings in Nigeria
4 hours -
Afenyo-Markin urges NPP to move from talk to action after 2024 election loss
4 hours -
Ghana’s 69th Independence Day Concert in UK to be held on March 7 – Sleeky Promotions
4 hours -
BoG’s international reserves could cross $13bn by end of 2025
4 hours -
Afenyo-Markin urges discipline, unity as NPP prepares for 2026 flagbearer primary
4 hours -
Haruna Iddrisu demands tough sanctions for officials implicated in galamsey
5 hours -
‘Opoku-Agyemang is very capable of leading the country’ – Haruna Iddrisu
5 hours -
Precision strikes hit terrorist targets as Nigeria, U.S. strengthen security cooperation
6 hours
