The Minister for Finance, Mr. Ken Ofori – Atta has assured Ghanaians that the clean-up in the financial sector was a move by government to ensure the safety and security of transactions in the respective banks.

He explained that the measures were instituted to whip up confidence of the public in the financial sector.

Speaking at a forum organized by the Danquah Institute on the collapse of banks on Wednesday, August 22, 2018. He explained that the goal of the clean-up was to turn Ghana into a regional financial sector hub and enforce strict reforms in the sector that will ensure that the recent challenges faced will not be repeated.

“We shouldn’t be afraid of what is happening but we should rather be confident in the financial sector so that it will be much more secure and safer” he stressed.

Mr. Ofori- Atta reassured Ghanaians that the intervention by the government was geared towards protecting the interest of depositors and investors, making sure they do not lose their monies and also to save about fifty thousand Ghanaians from losing their jobs.

The Finance minister indicated that, the Bank of Ghana has been served a directive by the Ministry of Finance to carry out investigations so as to bring culpable persons related to the collapse of the seven (7) banks to book.

He added that, the law will take its due course in order to protect depositors, investors and the whole financial sector which serves as the pillar of the country.

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