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Gov’t Accused of Paying Collapsed Banks Customers On Ethnic Basis

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The Alliance for Social Equity and Public Accountability [ASEPA]  has accused the government of discrimination by paying customers of collapsed financial institutions on tribal lines.

According to the group, Ewes and Northeners account for almost 90% of the claims rejected by the receiver.

A statement signed by the executive director of ASEPA, Mensah Thompson said “Why is the Government discriminating against customers in the payment of the locked up funds on the basis of the ethnicity of their names?”

Read full statement below:

EXPOSING GOV’Ts LIE ABOUT PAYMENT OF CUSTOMERS OF COLLAPSED BANKS

Folks last week, the Deputy Minister for Finance told us Government has settled 96% of its indebtedness to customers of the Collapsed Banks, Micro Finance and Saving and Loans Customers.

The days after have been followed by a rampage on Twitter by Gabby Otchere Darko re-emphasizing this blatant lie told by the Minister.

Today we are going to prove to you why we believe Government is NOT been particularly honest with the public.

The Total Number of Customers of collapsedSavings and Loans were 2.1Million Customers, Microfinance Customers we’re about 1.1million according to the records. So the total number of Customers of Savings and Loans and Microfinance Companies sum up to about 3.2Million.

Now the reciever in one of his Press briefings told us that he has received claims from ONLY 360,000 customers from both MFI and Savings and Loans. The receiver additionally told us 63,000 of those claims were rejected because they lacked the merit for the claim and that the receiver has through that process saved us some money.

Now that means only 297,000 claims were validated according to the receiver. Now let’s do some mathematics here, 297,000 as a percentage of 3.2Million will give you about 9%.

Now the banking sector, posted about 1Million customers, who were then issued a 5 year non-tradeable zero coupon bond. Which means they get their money is 5 years without any interest.

So technically this is a deferred payment by Government, which means Customers of the collapsed banks would receive their money only in 2025 and that cannot count as payment.

Then Government issued a directive that all the customers who cannot wait till 2025 for their money should take their Non tradeable Zero Coupon bond to CBG and discount it by 50% and take their money.

And this is the most cruel thing ever heard in the history of liquidation in Ghana, if you have the money why don’t you pay the customers their hard earned money but rather asking them to discount it by 50% is the most shrewd and cruel way of stealing from the poor customers who have already lost so much due to the time value of money.

But there is also one amazing thing I want all of us to think about…
Prior to the Collapse of MFI and Savings and Loans, Government told us it needed about GHC6billion to settle the 3.2Million customers who would be affected. During the Mid year budget review in 2019 the finance minister reiterated this call and even requested for additional funds to settle customers.

If GHC6billion was budgeted to settle 3.2 million customers based on the books of the MFI and Saving and Loans Companies, how come the reciever after validating ONLY 297,000 claims out the 3.2Million Customers is telling us he has spent GHC5.4billion to pay the customers?

Even with the 297,000 claims, they have been paid with a mixture of cash and bonds,so how come we have spent GHc5.4billion???

We believe the monies allocated for the payment of these innocent customers is finding their ways into people’s pocket.
Some people are benefiting from the misery of the customers and they must be made to account for it.

Finally why does Ewes and Northeners account for almost 90% of the claims rejected by the receiver? Why is the Government discriminating against customers in the payment of the locked up funds on the basis of the ethnicity of their names? This is certainly unacceptable!!!

Mensah Thompson
Executive Director, ASEPA

Source: GhanaFeed.com

Politics

Chief Imam Painfully Wept Because of John Mahama And The NDC – Wontumi Reveals

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Ashanti Regional Chairman of the New Patriotic Party, Mr. Bernard Antwi-Boasiako has claimed that the Ashanti Regional Chief Imam, Sheikh Abdul Mumin Haroun wept on the flagbearer of the National Democratic Congress (NDC), John Dramani Mahama because of some promises he made for the Muslim community.

Speaking on the Wontumi Morning Show, Mr Boasiako also called Chairman Wontumi noted that the Chief Imam was unhappy about a pledge by the former president and the NDC to build morgues to preserve the bodies of Muslim corpses.

To him, there are more priorities for the Muslim and Zongo communities than a mosque.

“Yesterday, when the Chief Imam spoke, he cried. He was crying because of what John Mahama thinks about the Zongos and Muslim communities. For him to cry, it represents a curse on John Mahama. It is like when your own parent weep over you for treating them bad,” Chairman Wontumi said.

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Nananom, Why Are You Always Scared To Chastise ‘Troublemaker’ Akufo-Addo? Mahama Asks Chiefs

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National Democratic Congress (NDC) flagbearer, John Dramani Mahama has bemoaned how chiefs are quick to condemn him when he goes wrong but reluctant to do same to President Akufo-Addo.

Addressing the chiefs and people of Jinijini in the Berekum West constituency of the Bono Region on Monday, 28 September 2020, Mr Mahama said since President Akufo-Addo took office, his governance has been replete with electoral violence, intimidation, fearmongering, discrimination, shutting down of radio stations critical of him, killing of journalists, stifling of press freedom and involving his friends and family members in corrupt deals such as the Agyapa Royalties Agreement and the now-botched PDS power contract.

He quizzed why the chiefs and elders have been quiet on all these misdeeds under Akufo-Addo.

“So, Nananom, we are both your children. And every parent knows which one of his children is the troublemaker and the ‘patapaa’ one. But often, you generalise your reproach and we all take your advice but it is now time for you to call out the troublemaker by name”, Mr Mahama told the traditional leaders directly.

“Prior to western democracy, you were the custodians and rulers and, so, you have the opportunity to talk when things are going wrong. However, oftentimes, it appears that when one of your children is on the throne, you are unable to chastise him for anything because you are scared to do so””.

“But whenever your other child ascends the throne, you’ll hear people asking: ‘Where are the wise people of our land? Everybody criticises him. But you must be balanced in chastising both children whenever they go wrong”, Mr Mahama noted.

Source: GhanaFeed.com

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Chief Backs Naana Agyeman And NDC To Win 2020 Elections

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The Nkosohen of Atti-Morkwa Traditional Council in the Central Region, Togbe Gottah believes Prof. Naana Jane Opoku Agyeman and the National Democratic Congress (NDC) will emerge victorious in the December 7 polls.

Togbe Gottah says nothing can stop Prof. Opoku-Agyeman from becoming the first female Vice President of Ghana.

“Ghanaians have waited soo long to get female as a Vice President but thank God we have already gotten somebody and indeed she really deserves it,” he stated.

He urged his people to vote massively for the NDC party to return back to power and complete all stalled projects in the area which was initiated by the erstwhile Mahama administration.

Prof. Naana Jane Opoku Agyeman who visited the area as part of her campaign tour of the Region also called on the constituents to turn up in their numbers and vote for the NDC in the 2020 elections.

Source: GhanaFeed.Com

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