General News of Friday, 27 August 2021Source: 3news.comThe Vice President, Dr Mahamudu Bawumia, has justified the decision to clean up the financial sector and also the approach adopted. He said the approach was apt because there was a huge problem in the financial sector that needed to be solved. The BoG between 2017 and 2019 swept through the financial sector of the economy. UniBank, The Sovereign Bank, The Beige Bank, Premium Bank, The Royal Bank, Heritage Bank, Construction Bank, UT Bank, Capital Bank all collapsed. You won’t spend GH¢9 billion to save the banks but you pay GH¢22 billion to pay back peoples deposits and you can’t even pay.

Source: GhanaWeb August 26, 2021 22:18 UTC