President Akufo-Addo Instructs Finance Ministry to Assist Banking Sector Clean-up Victims with $1.5 billion as Ghana’s Debt Restructuring Programme Officially Comes to an End

banking sector clean up victims to be assisted with $1.5 billion dr mohammed amin adam

President Akufo Addo has instructed the Finance Minister, Dr Mohammed Amin Adam to disburse $1.5 billion to assist customers affected by the banking sector clean-up operation.

This announcement was made by Finance Minister Dr. Mohammed Amin Adam during a UK Town Hall meeting over the weekend, adding that the disbursement is estimated to be completed in October.

Many have received the announcement with great joy however some Ghanaians have remarked that payment of the victims’ investment would have been an ultimate solution to their plights.

He also added that though the government cannot be held responsible for wrong investment decisions by civilians, the government cares about the ordinary Ghanaian hence this directive.

In other reports, the Finance Minister announced an official end to Ghana’s debt restructuring programme which many believe will end the issue of ‘haircuts’ on bonds and T-bills in the country.

Dr Mohammed Amin Adam ‘s Remarks at the Town Hall Meeting in UK

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, he remarked.

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