The National Democratic Congress (NDC) has strongly criticized the Nana Addo Dankwa Akufo-Addo government’s assertion that Ghana’s economy is experiencing a rebound.
Kwame Governs Agbodza, the Minority Chief Whip, shared portions of the minority’s response to the government’s review statement. He questioned the validity of the government’s statement, particularly in light of the unprecedented losses incurred by commercial banks in the country. Agbodza pointed out that even the Bank of Ghana, responsible for regulating these banks, is currently insolvent.
Agbodza further presented a purported list of 23 banks in the country and the losses they suffered in 2022. Among the banks were Absa Bank Ghana Limited, Access Bank, CAL Bank PLC, CBG, Ecobank, Fidelity Bank Ghana Limited, GCB Bank Plc, and Zenith Bank (Ghana) Limited, which recorded losses ranging from GH¢1 billion to GH¢2 billion. The remaining banks incurred losses between GH¢100 million and GH¢800 million.