Stop Promising, It’s Unreasonable to Pay All Locked Up Funds – Financial Analyst to Mahama

A financial analyst, Benedict Gibson has urged former president John Mahama to stop assuring persons with locked up funds in financial institutions that he’ll pay them back when given the nod to be president again.

According to him, it’s not a reasonable thing for any government to pay all locked up funds of people.

John Mahama pledged to pay back customers with locked up funds in collapsed financial institutions during the outdooring of Prof Jane Naana Agyemang as his running mate on Monday July 27.

“I pledge on behalf of the NDC that we shall pay within one year all who have funds locked up with the collapsed financial institutions. Within one year. I promise! We shall not put up any long-term payment plans that will further worsen the living conditions of the victims,” Mr Mahama said.

In reaction, Mr Gibson said such assurances are not realistic enough.

“The subject matter of paying people isn’t something we should be talking about now. I’m not saying the promise can or can not work. The person who is making the promise can forget anything that has to do with social development and focus on paying people their money. Government can pay some but government can’t pay all. I don’t think it is a reasonable thing for any government to do that (pay all customers),” he said.

Source: GhanaFeed.com