We never conspired with BoG to collapse Ghanaian banks – Ken Ofori-Atta

Ken Ofori-Attah, Minister of Finance

The Minister of Finance, Ken Ofori-Atta has stated that the government did not conspire with the Bank of Ghana (BoG), to collapse some indigenous Ghanaian banks that were affected in the financial sector clean-up exercise.

He says the government does not have the time nor energy to collapse Ghanaian banks, he went ahead to urge individuals who believe the government has a hand in the collapsed banks to come out and speak.

He further stated that as of the time the current government took over power from the then governing National Democratic Congress (NDC), all the collapsed banks “were totally insolvent” due to mismanagement which was happening in the financial sector.

“As a serious government as we are, and as patriotic as we are, we absolutely have no time, no energy, to conspire with the central bank to deliberately collapse Ghanaian banks,” he said.

Mr Ken Ofori-Atta disclosed that as a result of mismanagement in the banking sector, funds of depositors were locked up with no hope of such depositors accessing their funds.

He also added that what the government was the usual practice in the banking sector globally and that the exercise was aimed at straightening the banking sector and boosting the confidence of customers.

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