Minority: Adongo’s boycott individual decision

Mr Kwetey

Mr Kwetey

The Member of Parliament (MP) for Ketu South, Fiifi Kwetey, has stated that the decision of his fellow National Democratic Congress (NDC) MP, Isaac Adongo boycott of the parliamentary probe into the banking sector crisis is not supported by the Minority Caucus.


“Mr. Adongo’s position is his individual position and he does not represent the Minority,” he insisted.

Mr. Adongo, a Member of Parliament’s Finance Committee, stormed out of the first hearing on Wednesday describing it as a “rubber stamp process.”

He stressed the committee had not been furnished with requisite documents to ensure an effective probe and suspects there is an attempt at a cover-up following the widespread rot that led to the collapse of seven banks.

Mr. Kwetey, the Ranking Member on the Finance committee affirmed that “the views he expressed earlier regarding returning assets to owners of the bank is his individual position as well represents none of us on the finance committee and I can say by extension that he doesn’t represent the minority as well.”

Meanwhile, the probe continued yesterday with the expected appearance of the receivers, PricewaterhouseCoopers (PwC) and KPMG as well as officials of the new Consolidated Bank Ghana.

Officials of the Bank of Ghana, including the Governor, Dr. Ernest Addison, appeared before the committee on Wednesday.

Mr. Adongo expected that he would have in his possession documents pertaining to the asset quality reviews at uniBank or the terms of reference for the work of KPMG did in relation to the bank, among others.

“These are the documents they gave to us, statement of the banking sector, press release by the Bank of Ghana, Governor’s speech and when it comes to KPMG, they only give you conditions and opinions of uniBank.

“Those documents will give me a clearer understanding of what happened and not what the government tells me, I must read the documents and ask the Governor the appropriate questions,” Mr Adongo noted.

The Finance Committee of Parliament is holding the hearings from September 5 to September 7.

Representatives from Consolidated Bank, KPMG, PwC and the Ministry of Finance are expected to appear before the hearing.

But owners and directors of the seven banks that had collapsed, some under controversial circumstances, will not be invited. –citinewsroom.com

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