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Collapsed banks: Will you raise the dead and pay them too? – Mahama to Akufo-Addo

The presidential candidate of the National Democratic Congress (NDC), Mr John Mahama, has questioned the Akufo-Addo government’s U-turn on the payment of customers of collapsed banks and other financial institutions.

Following the collapse of those financial institutions in 2018, the government insisted on issuing five-year bonds to repay a substantial part of the locked up savings of customers.

That arrangement did not go down well with Mr Mahama who promised to repay all customers of the collapsed financial institutions when elected as president in the December 7 elections.

Subsequent to Mr Mahama’s promise, the government backed down from its five-year bond repayment plan and announced its readiness to pay cash ahead of the impending elections. That is not the only time that the NPP government has made a U-turn in the run up to the elections.

Copied from: Daily mailgh news

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