Kwame Baffoe Abronye Writes

Re: I will restore Collapsed “Banks & Financial Institutions to their Owners- Says Mr John Kalabuley Mahama.

I am daring Mr John Kalabuley Mahama to mention just One Bank or Financial Institution whose licence was unlawfully revoked and I will tender in my ” Resignation from NPP to Join your Campaign.

I have just read a post by Mr John Kabuley Mahama on his various social media platforms and by which in the said post, the former president with his usual alcoholic promises once again promised owners of the Collapsed Banks and financial institutions to restore back to them, their financial institutions notwithstanding the fact that these Banks & financial institutions, breached the Banks & Specialised Deposit-Taking Act, Act 930 (2016) .

Kwame Baffoe Abronye

I must state emphatically that, all the Banks and financial institutions whose licenses were revoked breached the existing laws within the banking industry, particularly the Banks & Specialised Deposit-

Taking Act ,Act 930. I am ready to resign from NPP to join NDC if indeed John Mahama is able to mention or name at least ” one Bank or Financial institution whose licence was unlawfully revoked.

John Dramani Mahama

I am not surprised that because of the “mixtures in his feeding bottle, Mr Mahama has not taken the time to read the Banks and Specialised Deposit- Taking Act, Act 930 that was assented to by himself in 2016. I would like to take this opportunity to tell you that, Act 930 which you assented to, to become law in 2016 says that, the minimum capital adequacy is 10% .

So, Mr John Kalabuley Mahama, can you perhaps, ask the following Banks their capital adequacy ratio in 2018 and what section 16 of Act 930, that you passed say about these banks under listed:

(1) GN Bank
(2) Premium Bank
(3) UT Bank
( 4) Capital Bank
(5) Beige Bank
(6) Construction Bank
(7) Heritage
(8) Unibank.

I must also tell you that, your recent promise to restore back these collapsed Banks and financial institutions is nothing but a desperation in the highest order. It is Not different from a drunkard promising to compete a 100 metre race with Usain -Bolt.

Respectfully, Mr former President, don’t forget that under your watch as a president, 86 Financial Institutions were collapsed and you couldn’t do anything about it before leaving power. As a president, if you could not do anything to settle depositors of 86 Financial Institutions which licences were revoked and today you’re here promising 350 Financial Institutions whose licences were revoked within the law, then I don’t know how to describe you.

As wicked as the NDC government was under your watch, denied these depositors of the under listed Financial Institutions which licences were revoked, an amount of 7.6 billion Ghana cedis, notwithstanding the fact that BOG released these funds to Dr Wilson Kwadwo Narh who was tasked to pay these depositors. This, you personally connived with Dr Wilson Kwadwo Narh, who later released the said funds to you to support your Campaign in 2016.

Your Excellency, Mr John Kalabuley Mahama, respectfully I am tired of npp and I want to join your Campaign in the coming days but I want you to tell Ghanaians why THESE 86 underlisted Financial Institutions’ licences were revoked by your government and the reason why their depositors were NOT paid any pesewa by your government:

1. ONWARD INVESTMENT LIMITED
2. Unity Trust Micro-Finance in Somanya,
3. Multi Credit Micro-Finance in Cape Coast,
4. Busy Fingers at Nima in Accra,
5. Mfa Micro-Finance at La in Accra
6. Equip Susu Micro-Finance,
7. Emends Micro-Finance and
8. Divine Micro-Finance.
9. Agapet Microfinance Limited
10. Antcave Microfinance Limited
11. Apex Microfinance Limited
12. Atwiman Microfinance Company Limited
13. Citiville Microfinance Limited
14. City Trust Microfinance Limited
15. Coastal Link Microfinance Limited
16. DIAMOND WINNERS Microfinance Limited
17. DKM DIAMOND Microfinance Limited
18. DUAPA TRUST Microfinance Limited
19. EGO VISION Microfinance Limited
20. EZI Access Microfinance Limited
21. F.H. & C Microfinance Limited
22. GLOW Microfinance Limited
23. Golden Life Microfinance Limited
24. Growth Champions Microfinance Limited
25. GROWTH POLE MONEY LENDING LIMITED
26. IDEAL WAY Microfinance Services Limited
27. IMAGES Microfinance Limited
28. JASTAR MONEY LENDING SERVICES LIMITED
29. FAST MONEY Microfinance Limited
30. FIRST UNITY Microfinance Limited
31. GANYO Microfinance Limited
32. GENESIS SEED Microfinance Limited
33. Global Standard Microfinance Limited
34. J’COBS Microfinance Limited
35. Jubilee Microfinance Limited
36. KAB Microfinance Limited
37. KB Star Microfinance Limited
38. KWABEF
39. LOOK-AHEAD Microfinance Limited
40. Magnet Microfinance Limited
41. MCKEOWN Microfinance Limited
42. MEDAL CREDIT Microfinance Limited
43. MEDLORM Microfinance Limited
44. MONEY HOME Microfinance Limited
45. MONEY LINK Microfinance Limited
46. MOTHERS’ Microfinance Limited
47. MY HOPE MICROFINANCE LIMITED
48. NEW DAWN MICROFINANCE LIMITED
49. OPPORTUNITY GLOBAL LINKS Microfinance Limited
50. ORION MONEY LENDING LIMITED
51. PAXMAN Microfinance Limited
52. PENDY-GLO Microfinance Limited
53. PROMISE Microfinance Limited
54. PROTEGE MICROFINANCE LIMITED
55. PRYME HEDGE MICROFINANCE LIMITED
56. QUICK LOANS MICROFINANCE LIMITED
57. REACH MICROFINANCE LIMITED
58. REEMALEX MICROFINACE SERVICES LIMITED
59. REJOICE Microfinance Limited
60. RIMDA Microfinance Limited
61. ROYAL KINGDOM Microfinance Limited
62. SAB Trust Microfinance Limited
63. SAFE Credit Microfinance Limited
64. SEAB Microfinance Limited
65. SHARP VISION Microfinance Limited
66. SHINE CREDIT Microfinance Limited
67. SIKA DWA Microfinance Limited
68. SILISON Microfinance Limited
69. SILVER Microfinance Limited
70. SKII Credit Microfinance Limited
71. Softbiz Microfinance Limited
72. SP Microfinance Limited
73. SPARK TRUST Microfinance Limited
74. Sufficiency Microfinance Limited
75. SWIFT TRUST Microfinance Limited
76. SYNTHESIS Microfinance Limited
77. THE LORD IS PEACE Microfinance Limited
78. TIME-FIRST Microfinance Limited
79. TOPNET Microfinance Limited
80. TRUST JESUS Microfinance Limited
81. TTS Microfinance Limited
82. Ultimate Focus Micro Finance Limited
83. Uni Cash Microfinance Limited
84. Vanliz Microfinance Services Limited
85. Western Microfinance Limited
86. Xzpress Link Microfinance Company Limited