President Nana Akufo-Addo has directed the Finance Ministry to disburse ¢1.5 billion to support customers affected by the banking sector cleanup. This directive was announced by Finance Minister Dr. Mohammed Amin Adam during a Town Hall meeting in the United Kingdom over the weekend.
He underscored that the government prioritises the welfare of the Ghanaian people, clarifying that individuals are accountable for their investment decisions and not the government. Dr. Amin Adam emphasized that the disbursement, mandated by President Akufo-Addo, is to be completed by October.
“Ideally, government should not be held responsible for the investment decisions of individuals, but this government is so caring.”
“Mistakes were made and people were not well-informed, and they didn’t know who to consult to be advised, but we also know that the people who are affected are suffering, and we have heard that some people have died and others had to commit suicide.”
“This government is so caring that in the first place, we granted some bailout to all the affected and I want to tell you again that the President has directed that we do another bailout.”
“So between now and October, we will release 1.5 billion Ghana Cedis to the affected people,” he said.
