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Papa Kwesi Nduom Let’s solve the crisis in the financial market together

It is also important to put partisan politics aside when it comes to the financial markets.

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play Dr. Papa Kwesi Nduom, President and Chairman, Groupe Nduom

Government has committed itself to ensure the safety of deposits in the banking system.  So, deposits at regulated institutions are not at risk and will not be lost.  Indeed, depositors have not lost money even when a bank has collapsed. 

Even more important, the Bank of Ghana is implementing measures to strengthen governance at the banks.  Shareholders, directors and management have been put on notice to abide by regulations. 

Customers have been asked to make sure they pay back funds given to them as loans.  Government agencies have expressed the willingness to source funds to pay contractors and suppliers. 

READ ALSO: Don’t waste our time with this wicked propaganda against Zoomlion, Manasseh

If we trust each other’s words of commitment, we must not panic, flock to banking halls and fight to withdraw our deposits.  This fear must be checked otherwise it will sink our economy. 

It is also important to put partisan politics aside when it comes to the financial markets - jobs, enterprise, money, opportunity cannot wear political colours. 

We have everything going for Ghana to rise and enjoy a well-performing economy.

 

By: Dr. Papa Kwesi Nduom, President and Chairman, Groupe Nduom

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