Pulse.com.gh logo
Go


State of the Nation Address Mahama blames Bank of Ghana for DKM Scandal

In a State of the Nation Address in Parliament on Thursday, President Mahama said the Bank of Ghana has to be blamed for the rather callous manner in which many households have had their livelihood tampered with.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Lack of effective supervision by the Central Bank of Ghana led to the very famous DKM case where hundreds of customers of a microfinance institution have had their savings go waste, Ghana’s president John Mahama has said.

In a State of the Nation Address in Parliament on Thursday, President Mahama said the Bank of Ghana has to be blamed for the rather callous manner in which many households have had their livelihood tampered with.

The supervision he added if it had been provided, would have avoided what is now a sad story that has led to many arrests.

Mahama told a packed Parliament in Ghana’s capital, Accra, that a lot of work is going on behind the scenes to ensure that the investors get their funds back.

The President gave his last State of the Nation address ahead of elections in November.

Thursday’s address was partly retrospective and progressive as he gave account of his stewardship in the last few years of his term in office as well as revisit some of the major challenges he’s confronted, and the gains made in the process.

While the minority members of Parliament heckled him all throughout, he had loud cheers from his government’s representatives.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public againbullet
2 Economy Bawumia says 'cedi depreciation temporary': Adviser says it...bullet
3 Fuel Price Hikes Fuel prices to drop again this weekbullet
4 Cedi Debate Mahama lacks understanding in Economics – Dr Bawumiabullet
5 Salaries In 2018 Here are the dates public workers will be paid...bullet
6 Menzgold Ghana Investment company closes down its Gold Vault...bullet
7 Shirley Frimpong-Manso and Ken Attoh owe The Royal Bankbullet
8 Free Decoder Promo StarTimes launches most affordable...bullet
9 Ghana Cedi Mahama shades Bawumia over Cedi depreciationbullet
10 NaBCo Here's what you need to apply for the Nation...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that will...bullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Support Finance minister buys Kantanka carbullet
5 Video We are determined to move Ghana beyond aid - Bawumiabullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Money Alert Meet Africa's richest womanbullet
8 Plane Crash Starbow suspends operations following plane crashbullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 Tech 6 reasons you should buy an iPhone SE instead of...bullet

Business