President Akufo-Addo has instructed the Finance Ministry to disburse ¢1.5 billion to assist customers affected by the banking sector clean-up operation.
Finance Minister Dr Mohammed Amin Adam announced this directive over the weekend during a UK Town Hall meeting.
Dr Amin Adam emphasised that the President's directive mandates the disbursement to be completed between now and October.
He underscored that the government prioritises the welfare of the Ghanaian people, clarifying that individuals are accountable for their investment decisions and not the government.
"Ideally, government should not be held responsible for the investment decisions of individuals, but this government is so caring.
"Mistakes were made and people were not well-informed, and they didn’t know who to consult to be advised, but we also know that the people who are affected are suffering, and we have heard that some people have died and others had to commit suicide."
"This government is so caring that in the first place, we granted some bailout to all the affected and I want to tell you again that the President has directed that we do another bailout.
"So between now and October, we will release 1.5 billion Ghana Cedis to the affected people," he said.
Dr Amin Adam has additionally disclosed the successful conclusion of Ghana's debt restructuring programme with its official creditors.
The Member of Parliament for Karaga highlighted that the government has effectively restructured its debt of $5.1 billion with these creditors, and has also completed the restructuring of $13.1 billion with Eurobond holders.
Latest Stories
-
Which will you vote for in 2024 Election: Honesty, Character, or Campaign Promises?
3 hours -
The ball is in Iran’s court after US pressure pays off
3 hours -
‘Japa’ sweeps Nigeria’s hospitals
4 hours -
Obuasi: Catholic Voices GH choral peace concert unites NPP, NDC
4 hours -
Lordina Supports NDC campaign in Ketu North with donation of medical equipment to Afife Health Centre
4 hours -
MTN Foundation delivers crucial technology tools to Eastern Regional Hospital
4 hours -
Galien Forum Africa: Enhaning African women’s role in climate and environmental crises
10 hours -
7th Galien Africa Forum ends with emphasis on health, innovation, and climate action in Africa
10 hours -
Ruthless Barcelona thrash Real Madrid to go 6 points clear
10 hours -
National Farmers’ Day scheduled for November 8
11 hours -
Samson’s Take: Why over 75% vote but only 5% join protests
12 hours -
Krachi East Chiefs applaud Bawumia for campaigning on issues with evidence
13 hours -
National Security Ministry dismisses Reuters’ claims that militants are using Ghana as logistical base
13 hours -
BOST and its CEO win big at 8th Ghana Energy Awards
14 hours -
Accused person in protest over alleged $3m BOST scandal discharged
15 hours