Kennedy Agyapong has once again waded into the ongoing ‘crises’ at the Banking sector in Ghana. According to the Assin Central lawmaker, Ghanaians are greedy and that is why they fall for scams with interest as high as 10%.
Kennedy Agyapong revealed that with such banks, there is no invested capital from the owners being used to operate. They rely solely on depositors money to run the day to day administration of the bank as well as pay interest of customers.
In this instant, when new deposits are not coming in, everything comes to a standstill and that is what the Finance Minister, Ken Ofori Atta, Vice President Bawumia and President of Ghana, Nana Akufo Addo are doing everything possible to clean from the system.
Ken advised Ghanaians not to be too greedy and stick to banks which offer normal interest rates and not some huge interest that they will end up regretting.
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He also advised Ghanaians to have faith in the NPP government because they are cleaning the banking sector of all the bad practice hence, the banking sector crises.
The Member of parliament also assured that deposits of Banks which have been taken over by the Bank of Ghana are safe and will be released in due time.
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Menzgold and other banks in Ghana have been hit with severe crises. Some banks have been merged by the Bank of Ghana whiles others have been taken over by the Bank of Ghana.
Menzgold has been battling with the Securities and Exchange Commission “for violating operational permit”. They have been ordered to ceasing taking in any new customers for their gold vault product services which pay customers 10% monthly.
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