Former Governor of the Bank of Ghana (BoG), Dr. Kwabena Duffuor says the country is in crisis.
According to the owner of defunct UniBank, the country is endowed with massive natural resources but has been unable to exploit them to the benefit of the people.
Speaking at a forum organised by the Institute for Financial Services Ghana (IFS), the former Finance Minister, under the erstwhile President Mills government, charged government and all other stakeholders, to ensure a change in the current narrative or future generations will not forgive it’s leaders.
“The narrative should change immediately, otherwise our children will not forgive us. Our natural resources endowment can change this country, if we decide to use them efficiently and honestly, we are not doing that”, he stressed.
“We cannot disagree that Ghana is a very wealthy nation but Ghanaians are poor, that’s where the problem is. Why are we poor but we are sitting on wealth, so what do we do?”, he queried.
Dr Kwabena Duffuor asked what the clergy and the media in particular, are doing to change the narrative and put Ghana on the path of prosperity, so that Ghanaians can reap the benefits of the natural resources.
“So the clergy, what are you doing? The media, what are you doing? Ghana is in crisis.”
Dr. Kwabena Duffuor’s defunct UniBank’s license was revoked by the Bank of Ghana, together with five other banks to form the new consolidated Bank Ghana.
The Bank of Ghana revoked the licenses of a total of nine banks in its bid to clean up the sector.
The BoG cited various reasons including, capital adequacy ratio crisis, poor corporate governance, overexposure to related parties among others.
The shareholders of the bank have been in court challenging the decision of the Bank of Ghana to revoke the licenses and recently petitioned Parliament on the matter.
Parliament set up a committee chaired by First Deputy Speaker, Joseph Osei Wusu to look into the petition and present a report to the House.
Source: myjoyonline.com
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
Yes, it's because of your criminal deals, you have no shame to talk ***barred word***. I blame this gov't for letting you walk free. Ghanaians wouldn't fall for these. We the better managers of the economy. Never again shall we allow you criminals to lead Ghana.
Yes Ghana would be in crisis because of you and your son activities.You open a bank and collected people's deposit to buy houses in overseas and open other companies.The Bank of Ghana bailout too you squandered the money. Now government is paying the depositors money.You have no shame to talk about mother Ghana. Leave the hair dyed and let see your real image.
THIS NOBLE LIAR SHOULD HAVE KEPT MUTE FROM THIS PROPAGANDA TO PROTECT HIS SCANTY INTEGRITY!
THEY THINK THEY CAN HOODWINK US WITH THEIR LIES AGAIN?
Eh!!! NPP mo adi yen hwanb). If what you folks said about Unibank is true why have we sat to hear this from Dr. Duffour? I am becoming wholly inclined to the CDD report about the present government's inability to protect the national purse. Ghana in Crisis? Hmmm! I just hope what is said about you isn't the truth else whom do you blame for the crisis after what's said you did? Africa, abibifuo y3 b3 k)so abr3 yen ho ase saaaaa, if we continue to allow ourselves to be played by these people called politicians. This man is almost messing my weekend up. I gotta cut it here.
Its funny how people like these can get up and talk about such issues. When you were in charge what did you do? Im so ashamed of you. Today you can get up and say such things. I feel sad for this country and the way NDC and NPP are toying with the future of this country. When one is in power the other criticises and when the other comes to power they repeat the same mistakes and even make it worse and the other also criticises. But the day of reckoning is coming.....one day.......and its already happening...we will become wiser.
After your scandal, why wouldn't Ghana be in crises?
Yes! because you and your family alone took Bank of Ghana and depositors cash using Unibank as a conduit to the tune of $3,000,000,000.00 ($3 BILLION dollars).