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Politics of Wednesday, 12 February 2020


Banking crisis will not decide 2020 elections – Kojo Oppong Nkrumah

The Minister of Information, Kojo Oppong Nkrumah has stated that the crisis involving the banking sector will not be a determinant for the ruling New Patriotic Party (NPP) government come the 2020 elections.

‘’I don’t think the banking crisis will be an election decider because as we pull a sample across the country, we get a good sense of things that matter to the people.”

His comments followed submissions of the Vice President, Dr. Bawumia on the party’s fulfilled campaign promises delivered on Tuesday, February 11, 2020, at the Ashanti Regional’s capital, Kumasi.

According to him, although the financial crises remains a headache to the President, it will not be a decider for the 2020 elections.

He added that the banking crisis is a major issue for millions of Ghanaians in the country and have affected them with almost 10,000 losing their jobs.

“The crisis in the financial sector is a major issue for Ghanaians and about 1.4 to 1.5 million Ghanaians were affected with over 10,000 losing their jobs,” Kojo Oppong Nkrumah revealed.

The minister attributed the collapse of the financial institutions to poor supervision by the Central Bank, the Bank of Ghana (BoG).

He further stipulated that during election seasons, major problems like banking crises must be explained well to the understanding of people who were ignorant.

The Information Minister was reacting to the Town Hall meeting which was held in the Ashanti region to assess the delivery of NPP’s 2016 manifesto promises.

Some sectors he spoke about were youth and sports, trade and industry, tourism, culture and creative arts, security, social development, science, technology, innovation and environment to infrastructural development.

Others included health, education, economy, energy and petroleum, governance, corruption and public accountability, as well as agricultural and rural development.

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