Prosecuting culprits of collapsed banks long overdue

IT is obvious that we take great delight in saying that people found culpable in any criminal activity should be prosecuted and if found guilty dealt with according to the laws of this country.

ON countless occasions we have heard about the current government (the Akufo-Addo administration) emphasise the point in any criminal activity that persons found culpable would be made to face the full rigours of the law.

THE President of the Republic of Ghana, H.E. Nana Addo Dankwa Akufo-Addo, yet again warned that any person found to have been involved in the collapse of the seven local banks would be made to face the law.

IT is not right that the overwhelming majority of ordinary Ghanaians should pay for the actions of greedy few, without sanction,” cautioning that “those responsible for the sequence of activities that led to the “banking crisis” will face the full brunt if the law if they are found to have broken the law.”

IN the view of Today, the above statement is reassuring, especially coming from the First Gentleman of this country, Nana Addo Dankwa Akufo-Addo.

INDEED this is a call that had already been suggested that in order to serve as a deterrent to others, there was the need for some punitive actions against those whose actions contributed in no small measure to the collapse of them Ghanaian banks.

THEREFORE, it is not surprising that President Akufo-Addo is reiterating the need to prosecute anybody found culpable in the banking crisis.

WE at Today are happy that President Akufo-Addo has come to assure the nation that all those complicit in the banking crisis would be prosecuted.

HOWEVER, our appeal is that the scope of investigation should not be limited to only the former directors of the collapsed banks but widened to include persons at the central bank—Bank of Ghana—whose actions might have contributed to the mess.

strong message should be carried out that the law of this country would deal ruthlessly with anybody who falls foul of the law of this country.  That is how we should go about these things and ensure that these problems do not recur.


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