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Failed banks: Parliament in-camera hearing ‘needless waste of time’ – CDD

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Parliament’s decision to have an in-camera hearing into Ghana’s bank crisis has been criticised as a needless waste of time.

Senior Research Fellow at the Ghana Centre for Democratic Development (CDDGhana), Dr. Kojo Asante said other state institutions like Economic and Organised Crimes Office and the Bank of Ghana are already investigating events leading to the collapse of seven banks in 12 months.

If Parliament wants to have a bite at the issue, it must be a public hearing if the probe is to be relevant, Dr. Kojo Asante explained.

Last Wednesday, Parliament chose the Finance committee for the parliamentary inquiry following the 1 August 2018 announcement by the Bank of Ghana that it has set up the Consolidated Bank of Ghana to take over the assets and liabilities of five local banks to bite the dust as did UT and Capital banks a year ago.

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