Parliament to investigate collapse of 7 banks - Ato Forson

e annan

August 15, 2018 4:00 PM

“We are yet to decide whether we will go public or not but what we can confirm is that we have decided to investigate,” he said.

The National Democratic Congress (NDC) Member of Parliament for Ajumako-Enyan-Esiam,

He said the investigations will be done by the Finance Committee of Parliament.

He explained that the committee is yet to decide whether the intended probe will be open or whether it will be in camera.“We are yet to decide whether we will go public or not but what we can confirm is that we have decided to investigate,” he said.

He explained that the committee hopes to find out the causes of the collapse of the seven banks; whether it was due to negligence of some parties or some other factors.

“If indeed it was negligence, what is the way forward. We will have to draw some lessons out of it,” he saidMr Forson also noted that the Finance Committee hopes to find out why the Ken Ofori Ata-led Finance Ministry decided to bail out these banks considering the impact on the taxpayer.“We also want to know on whose authority The Consolidated Bank was capitalised and who did capitalised it,” he noted.

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