Categories: NEWSPOLITICS

The Government must not collapse NIB and sell it!


Read Time: 2 minutes

Fellow Ghanaians,

The government must not collapse NIB and sell it!

Inform the Bank of Ghana and the NPP government to leave the National Investment Bank alone!

Hands off!

The Governor of the Bank of Ghana, Dr. Addison has been making pronouncements that are not well thought through.

His (similar) unguided and reckless comments in the past led to a run on many of the banks the Akufo-Addo/Bawumia NPP government collaped in their first term.

Per the origins of banking in theory and in history, no bank can survive a bank run where numerous customers withdraw their money with high velocity because they think the bank may fail…

But, Governor Addison is back in the ring in 2023 with similar anti-savings and anti-business punches.

This time, the National Investment Bank is his target.

Does he seek to instigate panic withdrawals again and a total run on NIB? Is he considering the new and additional job losses and investments?

Sit up Bank of Ghana!

Rise up and fight for your survival NIB workers, including your trades union!

Ghanaians, let’s stand up and save NIB!

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Godfred Meba

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