Finance Minister Dr. Mohammed Amin Adam emphasized the importance of understanding the risks involved in investing in bonds or instruments.
He stressed that investment decisions are personal choices, and individuals must accept the consequences, whether gain or loss.
Even governments experience market volatility when investing in euro bonds, but they take responsibility for their decisions and don’t blame other nations.
Dr. Amin Adam cautioned the public to seek expert advice from financial analysts before investing, as the government won’t be held responsible for individual investment choices.
He announced that GHS1.5 billion will be released to compensate those affected by the banking sector cleanup exercise, demonstrating the government’s caring nature.
However, he emphasized that this support doesn’t imply responsibility for individual investment decisions.
The Finance Minister acknowledged past mistakes and a lack of information, leading to suffering, fatalities, and suicides. He assured that the government has provided an initial bailout and will release another GHS1.5 billion, with a total of GHS4 billion earmarked for compensation.
Dr. Amin Adam urged caution when investing, emphasizing the importance of seeking advice and carefully assessing banking institutions to avoid potential pitfalls.
He also highlighted the importance of financial knowledge and responsible investing, encouraging individuals to seek advice from financial advisors before making investment decisions. By doing so, individuals can avoid mistakes and make informed choices.
