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General News of Tuesday, 27 August 2019

Source: My News GH

Council of State ‘disowns’ Ideal Finance Boss

Members of the Council of State have bemoaned the generalization in the media following the closure of a finance house owned by one of its members.

According to them, they have lived distinguished lives and should not suffer for someone’s act because he is one of them; calling on the media to be mindful of how they throw mud at them in that respect.

Ideal Finance Limited and First Trust Savings and Loans Limited which belongs to Dr Nii Kotei Dzani who is a Council of State member representing the Greater Accra region, was named in the latest round of closures of financial institutions by the Bank of Ghana (BOG) as part of its ongoing major reform of the country’s financial sector.

The BoG revoked the licences of Ideal Finance Limited and 23 other savings and loans and finance houses on grounds of insolvency.

But Council of State members were very disturbed by the lack of nuance in media discussions and reportage on the matter stating that there is often no separation of the individual who owned the finance house (Dr Nii Kotei Dzani) from the Council.

The Council of State as a whole has, as such, come under attack and its members have been the target of aspersions despite the fact that Dr Nii Kotei Dzani, run his finance house as a private citizen and independent of the Council of State.

The other members of the Council feel that they have distinguished themselves in different fields including academia and that the private affairs of one person who was not a nominee of the President or appointed by the President but rather an elected member should come to affect the general image of the counsel.

Dr Nii Kotei Dzani was voted for by the Greater Accra Electoral College to be their representative on the Council of State.

Dr. Margaret Ivy Amoakohene on Accra-based Oman FM wondered why the press will rope in other members of when in effect he need to be dealt with as an individual.

Some members of the council have been meeting and discussing how to approach the issue which they feel is very sensitive and warrants that the erroneous reportage is corrected.

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