Finance

NDC shares list of banks and their losses in 2022

The National Democratic Congress (NDC) has slammed the Nana Addo Dankwa Akufo-Addo government over its claim that Ghana’s economy is rebounding.

In a response to the 2023 Mid-Year Budget Review, NDC Members of Parliament accused the Minister of Finance, Ken Ofori-Atta, of lying to Ghanaians when he said the country had ‘turned the corner’ during his presentation of the review statement in parliament on Monday, July 31, 2023.

The Minority Chief Whip, Kwame Governs Agbodza, who shared portions of the minority’s response to the government’s review statement, wondered why Ken Ofori-Atta would say things are getting better.

He said that the government’s claim cannot be true because the commercial banks in the country posted unprecedented levels of loss and the Bank of Ghana, which is supposed to regulate these banks is even insolvent.

“How could we have “turned the corner” with this level of losses posted by our commercial banks, the biggest of which was actually recorded by the central bank itself?

“Only the Economic Mis-Management Team below can answer this question. Turned the corner indeed!” he wrote.

He went on to share a supposed list of 23 banks in the country and the losses they incurred in 2022.

The banks include Absa Bank Ghana Limited, Access Bank, CAL Bank PLC, CBG, Ecobank, Fidelity Bank Ghana Limited, GCB Bank Plc and Zenith Bank (Ghana) Limited, which lost from GH¢1 billion to GH¢2 billion.

The remaining banks lost between GH¢100 million and GH¢800 million.

View the list of Banks and the supposed losses they made below:

WATCH Our latest Episode with Kennedy Agyapong in South Africa below:

 

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

Related Articles

Back to top button