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He said: “We’ve come to the conclusion that considering what we call the sensitivity of the matter, parliament committee of Finance will meet in-camera to look at this matter.”

“It is important for the people appearing before the committee to be at ease and to give us the needed answers."

But Casely-Hayfod has rebuked the committee, saying it has no right to do in-camera hearing.

He argues that the factors leading to collapse of the banks are already in the public domain and "we are familiar with what is in there," he said.

“Parliament really has no right to do this in-camera. They have invited themselves into the conversation. This thing came out a long time ago and it is out in the public domain and we are all familiar with what is in there…. But I don’t think Ghanaians have really understood how bad this is, and Parliament going behind curtains to go and discuss issues for whatever reason I don’t understand,” Casely-Hayford said on Citi FM's "The Big Issue."

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"We’ve come to the conclusion that considering what we call the sensitivity of the matter, parliament committee of Finance will meet in-camera to look at this matter,” he added.