The President of the Republic, H.E Nana Addo Dankwa Akufo-Addo on Tuesday said those found culpable for the recent banking crisis will soon face the full rigours of the law.
“We have begun bringing those responsible for the banking crisis to justice. We have one case in court, and if prima facie evidence of criminality is found in the other ongoing investigations, which, according to my information, is likely, then the perpetrators of the crises, both regulators and individuals, will face justice soon.”
President Akufo-Addo said in as much as the action to close down the malfunctioning banks and microfinance institutions were painful, it was a move that inured to the benefit of the depositors of those institutions.“We had to take painful but necessary measures to sanitize the banking sector. In effect, 12.58 billion cedis of public funds were injected into the banks and microfinance institutions following their malfunction.
“The jobs of some 6000 workers were saved instead of the 10,000 that would have lost their jobs in addition to the protection of funds of 4.6 million depositors, he said, adding that banking reforms would ensure a vibrant sector.
Touching on corruption, the President said the canker continued to hold back the development of the nation and that it was in the interest of the entire citizenry that the stealing of public funds did not thrive.
“We must police each other’s behaviour and report acts of corruption”, he stated.
