Financial Sector Clean-up Was Tough – Ofori-Atta

Ken Ofori-Atta

FINANCE Minister Ken Ofori-Atta has said the recent clean-up of Ghana’s financial sector was a tough decision government took in the interest of the nation.

He said since it was not an easy task, all persons who are currently entrusted with the management of other people’s resources should ensure they provide good stewardship.

Addressing the 56th Annual Session of the Ghana Baptist Convention at Ejura in the Ashanti Region, Mr. Ofori-Atta said investors also had a responsibility to consider the moral implications of their investment decisions.

“Let us, together, act as each other’s keeper – scrutinising the activities of the institutions we are considering investing or banking with, interrogating any suspiciously high returns, and checking with regulators when we are unsure of the operations of an institution,” he admonished.

He called for prayers for President Akufo-Addo and his administration, including other leaders in the country.

Bank of Ghana has so far revoked the licences of nine universal banks, 347 micro-finance companies, 39 microcredit companies or money lenders, 15 savings and loans companies, eight finance house companies, and two non-bank financial institutions.

He said the positive confessions of believers were critical to ensuring that God assisted Ghana, rather than murmuring which, according to him, is ungodly. “Many of the people of Israel, due to their murmuring, got destroyed and did not realise their divine destiny. They did not see Canaan,” he explained biblically.

Mr. Ofori-Atta said believers are expected to be courageous and bold in supporting President Akufo-Addo after espousing the vision of a Ghana beyond aid and making a commitment to build a national cathedral.

“These sacrifices are part of the seed that will bring divine blessings to this nation. Let us join hearts, hands and heads to support our President’s vision,” he stressed.

“When you are tempted to comment on issues on which you have no verified facts, remember to replace that temptation with prayer in line with the Baptist Identity of Bible-centeredness,” he added.

The Finance Minister was speaking in reference to the theme for the occasion: “Pentecostal/Charismatic Christianity and the future Baptist Identity”. 

From Ernest Kofi Adu, Kumasi