The Ghana Union of Traders Associations (GUTA) has lauded the government for its effort to
A statement signed by
“One clear example is that of a member of GUTA, who had received
“As he did not want to risk locking the money in his store, he decided to deposit it in his savings and loans account, so as to cash it for business the following Monday, but has not been able to withdraw the money to date. This savings and loan company is now defunct.”
The statement said this was a clear picture of what had been going on in some of those financial institutions.
“It is against this background that GUTA heaved a heavy sigh of relief when the government boldly came out to rescue innocent victims from this awful situation.”
“However, we would like to entreat the government to put in place effective measures to forestall its recurrence.”
It said while doing so care must also be taken not to suppress the