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Prez must walk the talk of punishing culprits who caused collapse of Banks-CTL AFRICA Featured

Written by  Sep 18, 2018
The Executive Director of Centre for Transformational Leadership, Mr Samuel Ayim, has challenged President Akufo-Addo, to walk the talk on the assurance that, all persons who contributed to the collapse of some seven local banks would be punished. The private legal practitioner, corporate governance professional and former Group General Counsel and Company Secretary of the Ecobank Transnational Incorporated wondered why some professionals failed in their duties and allowed these banks to collapse. He attributed the collapse of the banks to negligence on the part of the Central Bank and the various professionals of the affected banks. Falsification of documents, lack of values and indiscipline he suggested also caused the collapse of the banks. He quizzed, ‘’ How do we explain the inaction and seeming complicity of state institutions and regulations while so-called professional bankers and their patrons and cronies drive our whole financial system into a ditch necessitating a near 12 billion Ghana cedis bailout by the sweat of our poor farmers and kayayei? The assurance given by the president he noted was good but admonished Ghanaians to impress upon the appropriate authorities to crack the whip where necessary. ‘’As a lawyer, I understand that you cannot pronounce anyone guilty until they have gone through the process. But the question we need to ask ourselves is, does the process even work? Does our law evenly apply to everybody? If you and I steal ‘agbilikaakro’ (cassava cake) on the street, you would have been beaten to death and the police will lock you up for years without trail. But what happens to so-called big men when they are involved? Very little is done…why should we even come this far? We have regulators who have the responsibility to monitor the banks. Did they go to sleep? The law has to work and it is important the law works so that people's hard won reputation can also be exonerated.’’ He went ahead to call for a new Ghana, a new Ghanaian leader who is ready to stand for the truth, honesty, hard work, humility, wise planning, common sense, self-discipline and generosity rather than the selfish pursuit of personal, family and friends gains at the expense of the corporate or national interest. We need leaders who value the people enough to work to add value to them not to take advantage of them of everything God has given to them, including their dignity. We need a shift from the poverty mentality which for me is the cause of the greed and corruption that has characterize all levels of leadership, even our churches.’’ The President of the Republic, Nana Addo Dankwa Akufo-Addo, has assured the Ghanaian people that “those responsible for the sequence of activities that led to the ‘banking crisis’ will face the full brunt of the law if they are found to have broken the law”. According to President Akufo-Addo, “It is not right that the overwhelming majority of ordinary Ghanaians should pay for the actions of a greedy few, without sanction.” President Akufo-Addo made this known on Saturday, 15th September, 2018, when he delivered a speech at the 80th Anniversary of the Presbyterian Boys’ Senior High School, Legon. The President stated that “the so-called ‘banking crisis’”, and the collapse and subsequent consolidation of some indigenous banks have been caused by the cutting of corners, circumvention of the laws, flouting and non-adherence to regulations, apparently with the complicity of senior officials of the Bank of Ghana. The inefficient and poorly managed banks, as a result, required the robust intervention of the regulatory bodies to prevent the infection of the banking sector with these acts. Mr Samuel Ayim was speaking at the launch of the 2018 Live2Lead event slated for October 11-12, 2018 in Accra. The event will be held at the College of Physicians and Surgeons. Live2Lead 2018 will be addressed by world renowned and distinguished personalities including Carly Fiorina (Former CEO of Helwett-Packard and 2016 U.S presidential candidate), James Ebo Whyte (CEO/Artistic Director, Roverman Productions), Tyler Perry (World Renowned Filmmaker, Actor, Entrepreneur and Philanthropist), Debra Searle, MBE (Professional Adventurer and Serial Entrepreneur), Daniel Pink (Best Selling Author, To Sell is Human: The Surprising Truth About Moving Others, Drive and A Whole New Mind) and John C. Maxwell (Leadership Expect, Best and Coach-New York Best Selling Author and Speaker).

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