Banking Sector Cleanup Was Necessary, It Saved Deposits Of Over 4.5m Customers – Ofori-Atta

Finance Minister-designate Ken Ofori Atta has said that the banking sector cleanup was a good initiate that happened to the country.

He said the deposits of over 4.5million customers of the various banks and other financial institutions were protected following the exercise.

Again, he said, the exercise strengthened the banks existing banks, a situation he said is good for the local economy.

Mr Ofori-Atta said these during his vetting by the Appointments Committee of Parliament on Thursday March 25.

“We think we have done the best that the country deserves and the results show that,” he said.

He added “We have a much stronger banking sector now than we had in 2017.”

Asked how much was spent on the exercise, he stated that an amount of 21billion cedis was spent.