Presidential Candidate of the Progressive People’s Party (PPP) in the 2020 general elections, Brigitte Dzogbenuku, has blamed the party’s woes in the elections on the collapse of its founder’s businesses.
She believes the party would have been a greater force to contend with if they had not suffered funding issues prior to the elections.
“We suffered funding issues in the election. The founder of our party suffered a lot of issues, his businesses crippled and he was put in a difficult position. It was a discredit to the party if the leader was in such a position,” she stated.
She claims Dr. Paa Kwesi Nduom’s businesses were crippled purposely to disadvantage the PPP which was looked upon as an alternative to the two major political parties in Ghana, the New Patriotic Party (NPP) and the National Democratic Congress (NDC).
“We were put in that position and disadvantaged. There was little to look back to after that.”
She, however, told Samuel Eshun on the Happy Morning Show, the party received some contributions from people who believe in vision of the party.
BoG revoked licenses of 9 banks whilst six merged into 3 banks
The Bank of Ghana revoked the class 1 banking licenses of nine banks during the financial sector clean up.
They included UT Bank, Capital Bank, Sovereign Bank, Beige Bank, Premium Bank, The Royal Bank, Heritage Bank, Construction Bank and UniBank.
Six Banks were merged into three banks. They were First Atlantic Merchant Bank Limited and Energy Commercial Bank, OmniBank Ghana Limited and Bank Sahel Sahara Ghana as well as First National Bank and GHL Bank Limited.
Meanwhile, receivers of the nine collapsed banks have been able to recover a little above GH¢700 million as at the end of 2019.
This is out of the GH¢10.1 billion funds that were advanced to the customers of those banks.