The government’s commitment to supporting individuals affected by the banking sector reforms is evident in its decision to release GHC1.5 billion between now and October, according to Finance Minister Dr. Mohammed Amin Adam.
While emphasizing that investment decisions are personal choices, Dr. Amin Adam acknowledged that mistakes were made, and people were not well-informed, leading to severe consequences, including fatalities and suicides.
The government has already provided an initial bailout and has directed another GHC1.5 billion to be released, with a total of GHC4 billion earmarked for compensation.
Dr. Amin Adam stressed that individuals must be aware of the potential risks and losses associated with investment decisions, and the importance of seeking advice from financial advisors.
He also cautioned that while responsible banking is essential, individuals must also exercise caution and due diligence in their investment choices.
The minister’s remarks were made during a town hall meeting in the UK, where he assured citizens of the government’s commitment to supporting those affected by the banking sector reforms.
