Near collapse of Banking sector was my nightmare – Bawumia
Published:
3 months ago
Source:
Channel 1 News
The flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has described the near-collapse of Ghana's banking sector as one of the most challenging moments of his tenure. Speaking at a Media engagement on Sunday, August 25, Dr Bawumia detailed the gravity of the crisis and the decisive actions taken by the government to avert a complete collapse. He emphasised that the government did not simply allow the banks to fail but instead facilitated mergers with more stable institutions, ensuring that no depositor lost any funds. Dr.