Depositors’ bill will only benefit low-savers – MP

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• Sly 7 years ago

  I don't think is good bill, because it dosn't protect middle income savers. At least it should be able to cover up to 50,000.00 GHS.

  I don't think is good bill, because it dosn't protect middle income savers. At least it should be able to cover up to 50,000.00 GHS.

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• yeboah benard yaw 7 years ago

  this is no better initiative customers will see this as an additional cost to savings and therefore feel reluctant to save and even incase of any mishap no better compensation!! you can do better than this initiative which i ...
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  this is no better initiative customers will see this as an additional cost to savings and therefore feel reluctant to save and even incase of any mishap no better compensation!! you can do better than this initiative which is going to make business operation here in ghana more difficult

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• SBD 7 years ago

  This concept is similar to deposit insurance schemes in some developed countries. Your savings are insured to a certain level, not 100% at NO COST to the depositor. This is an insurance "underwritten" by the central bank. Mr ...
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  This concept is similar to deposit insurance schemes in some developed countries. Your savings are insured to a certain level, not 100% at NO COST to the depositor. This is an insurance "underwritten" by the central bank. Mr Yeboah, it seems you are speculating and also exposing your ignorance.
  
  The only way you can get more money when that institution goes under is to save with different banks or open accounts under different names with the same bank.
  
  My advice to anyone with any significant amount of cash is to buy government treasury bills and leave the minimum amount of cash that will sustain your lifestyle in a bank. Theoretically, the central bank will not go bust...so the that investment is risk free.

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