Mobile accounts safer as Banks collapse under NPP – Adongo

The Member of Parliament (MP) for Bolgatanga Central, Isaac Adongo, says Mobile Money Accounts have proven to be safer, than depositing monies in the country’s distressed Banks under the Akufo-Addo regime.

Mr. Adongo said the outlook for the financial sector is alarming as most local banks are seriously at risk and collapsing under the current banking regime.

Welcoming party supporters to the party’s ninth Unity Walk in the Upper East regional capital, Bolgatanga, the Member of Parliament (MP) for Bolgatanga Central, Isaac Adongo, said Ghana had become a country where Ghanaians now found it safer to deposit money in mobile money accounts as banks were being shut down under the NPP government.

“Today, when you have a Vodafone mobile money account, it will not collapse. When you have an MTN mobile money account, it will not collapse. When you have an Airtel mobile money account, it will not collapse.

“But when you have a bank account, it is the worst and riskiest account you can have, because banks are collapsing. The mobile accounts are safer today than the [bank] accounts of our country. We should bring back John Dramani Mahama to restore the confidence and the hope of the people of Ghana and the world so that together we can leave posterity a better generation than [we are]. At the right time, we would be discussing the work of the NPP and it would be so bad,” Mr. Adongo stated.