Year Of Return = Year Of Financial Collapse (Part 1.)
Kofi Amoabeng and Ato Essien are walking the path strewn with sentimentalism in the wake of the collapse of their financial institutions.
The two, believing that Ghanaians are sympathy are Siamese twins, have started appealing to the sentiments of the good people of Ghana so that they may appear innocent in the eyes of the masses while government is couched as a monster.
The Akufo-Addo administration, through the Bank of Ghana, has spent close to GHS14 billion in sanitizing the banking sector which was in an intensive care unit.
The sector was on its knees as a result of several contributory factors ranging from the Bank of Ghana's failure to play its supervisory role effectively to the roles played by the type of businesses the banks invested in.
Another major factor that led to the sector crumbling was the actions of the owners of these banks as most of them engaged in businesses which were unhealthy and made little sense business-wise.
Simply stating the obvious, the owners of UT Bank, Capital Bank and Unibank supervised the collapse of these banks with their actions. It is instructive to point out that the Bank of Ghana gave these banks additional cash to shore up their capital, but these were also misappropriated.
Not long ago, Kofi Amoabeng of UT Bank fame, in an interview on TV3, made spurious assertions pointing to the fact that his bank was collapsed for political reasons.
Ato Essien of Capital Bank, in an interview to be aired on Good Evening Ghana, has also launched another scathing attack against the government, claiming that his refusal to hand over Capital Bank to Ken Ofori-Atta was the catalyst that led to his financial outfit being closed down.
In their inmost recesses of their minds and hearts, these people are strongly disposed to falsifying their stories in order to paint the government black.
They are telling their stories in such a manner that the most sanguine man alive could hardly entertain any form of disbelief towards the lamentations they are singing. These sermons are not reasonable since the facts, as already established, run counter to their claims.
The taxpayers' monies have been sunk into these banks and the least we expect from them are these twisted and emotive-driven chorusses. The Government, through the Attorney General, must expedite action on their prosecution lest these wolves in sheep clothing succeed in their devilish agenda.