Mahama vows to sanction those responsible for bank collapses

President John Dramani Mahama announced an inquiry into the collapse of banks in Ghana. Finance Minister Dr. Cassiel Ato Forson is leading this investigation.

This inquiry aims to improve transparency and rebuild trust in the banking sector. Mr. Mahama addressed the nation on May 7, marking his first 120 days in office.

He emphasized his government's commitment to accountability in finance. Those responsible for past failures will face consequences.

“The Minister of Finance has launched an inquiry into bank collapses,” he stated. “Facts will be uncovered, culprits punished, and lessons learned.”

Mr. Mahama's vow to hold wrongdoers accountable sends a strong message. Mismanagement and malpractice will not go unpunished, deterring future misconduct.