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Wed, Aug

Finance Minister Ken Ofori-Atta has said government will ensure persons responsible for the collapse of some local banks in the country will be made to face the law.

The name of Belstar Captial Limited has appeared in the audit report by the KPMG as one of the beneficiaries of loan facilities that were dispensed by the collapsed uniBank under dubious circumstances, with complete non-adherence to the credit policies of the bank.

President Nana Addo Dankwa Akufo-Addo has indicated that his administration is working hard to build a strong and resilient economy to avoid returning to the International Monetary Fund (IMF) for financial bailout after the exit of the current programme by the end of the year.

The ongoing revelations in respect of the collapse of some banks in the country continue to bring to the fore how some related parties operating in the financial/banking industry employed obvious dubious means to advance their own interest at the expense of public or customers whose interest they were ethically bound to protect.

Creating an entrepreneurial economy should not be difficult, especially looking at how the wealth of this country was built by the private sector and the entrepreneurial spirit of the citizens, President Akufo-Addo has stated.

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