Business News of Wednesday, 22 January 2020Source: www.ghanaweb.comIt's better to print money to settle depositors and win 2020 elections - Kwame PianimEconomist, Kwame PianimAs part of devising strategic ways to settle depositors whose monies have been locked up at various institutions due to the financial sector clean-up, Ghanaian economist, Kwame Pianim has placed a clarion call to the Bank of Ghana (BoG) to print cedi notes to settle them. According to him, the financial sector clean-up exercise is making the New Patriotic Party (NPP) unpopular, hence, may have dire consequences on the party in the upcoming general elections. Aside spending taxpayers' money in a bid to solving the problem, Mr Pianim is calling on government to quicken the process of prosecuting the defaulters. He also advised government to set up a Special Asset Recovery Trusts which will be responsible for the sale of assets of individuals and institutions behind the financial sector crisis. In a press release from the presidency, it was pointed out that the money released is expected to improve the liquidity of the financial sector.

Source: GhanaWeb January 22, 2020 11:37 UTC