Rapper weighs in on UT and Capital Bank collapse
M.anifest in his opinion believes this a lesson worth learning from.
“Hopefully, this also does not shake people’s confidence in wanting to be Ghanaian entrepreneurs. Because things happen and we learn from all these things,” M.anifest commented.
He believed that Ghanaians should “embark on creating Ghanaian companies, Ghanaian products, Ghanaian things and yeah this is not the end of the world.”
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The singer-songwriter also expressed his opinion on employees likely to be affected by the collapse of the two banks, lending his compassion towards those who stand to be laid off.
UT and Capital banks were ordered to cede their possessions to the GCB Bank, after the Bank of Ghana described their situations as “capitally impaired”.
The news came as a surprise to many Ghanaians, with people now exercising caution when it comes to investing in indigenous banks.
However, M.anifest in his opinion believes this a lesson worth learning from.
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