Citi FM/Citi TV in collaboration with the Danquah Institute will hold a dialogue on Wednesday, August 22, 2018, to discuss the banking crisis.
The Minister of Finance, Ken Ofori-Atta is a special guest speaker for the event which will be held at 10:00 am at the Kojo Botsio Hall, Alisa Hotel in Accra.
The dialogue session is themed: “The banking sector clean-up – Are depositors safe?”
Other resource persons billed for the event include Deputy Minister of Finance, Charles Adu-Boahen, Head of Chambers, Kasser Law Firm and Lecturer at GIMPA, Clara Kasser-Tee, Senior Lecturer at the Department of Economics-University of Ghana, Dr Eric Osei-Assibey, Head Consultant and CEO of EBEN Consultancy, Accra, and Dr Ebenezer Ashley.
The discussion will be moderated by host of the Citi Breakfast Show, Bernard Avle.
Background of Ghana’s banking crisis
Seven Ghanaian banks have collapsed since August 2017, after the Bank of Ghana, working with the Ministry of Finance, embarked on a comprehensive clean-up exercise in a bid to repair, restructure and strengthen the banking sector.
As Ghanaians continue to express grave concerns about the loss of jobs and livelihoods, a growing number of citizens are calling for those responsible for allegedly abusing public funds, depositors’ monies and trust to be prosecuted without fear or favour.
Government’s decision to rescue the affected banks from collapse — by getting the Ghana Commercial Bank (GCB) to take over the first two and merging the second batch of five banks to form the Consolidated Bank Ghana — has been described as responsible and positive.
What appears missing in the conversation, however, is the depositor.
Are the customers of the seven banks safe?
How do we protect the depositor and rebuild public confidence in the financial services sector in Ghana?
The dialogue session is expected to produce answers to such questions on Wednesday.
–
By: citibusinessnews.com/Ghana
