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Collapsed Savings & loans customers to be paid- VEEP Bawumia

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The Vice President, Dr.Mahamudu Bawumia, has  given assurance that  no customer of any of the collapsed financial institutions in the country will lose their savings.

He said the Central Bank has received a presidential approval to start payment of the locked up investments in those institutions.

According to the Vice President, government has voted an amount of ¢13 billion for this purpose and that the clean up of the banking sector was a bold decision by government to resolve what he called  a crisis that had engulfed the banking sector.

Dr. Mahamudu Bawumia gave the assurance in Kumasi at the  government’s Townhall Meeting and Results Fair.

The Kumasi Townhall Meeting and Results Fair, which is the first edition for this year, focused on: “Accounting to the People, Achievement of Government from 2017 to Date.”

The two-day event is characterised by the mounting of Exhibition of achievements during the period under review by the Ministries, Metropolitan, Municipal and District Assemblies as well as some of the state Agencies and Departments which also used the opportunity to educate participants on their mandates.

Selected Ministers took turns to respond to questions by some of the participants.

Minister for Transport, Kwaku Ofori Asiamah disclosed that concrete steps have been taken by government to re-start work on the Boankra Inland Port Project within the shortest possible time.

The Bantamahene, Baffuor Owusu Amankwatia, who represented the Asantehene, brought to the attention of the Vice President the spate of murders in the Ashanti region.

Interspersed with graphical data as evidence of governments projects, Vice President  Dr. Mahamudu Bawumia, said government has fulfilled 78 per cent of the NPP’s 2016 Manifesto promises. He touched on various areas of the economy including the banking sector, inflation, forex market, utility tariffs, digitization of the economy and the free senior high school policy.

Vice President Bawumiah disclosed that on the 18th of this month, government will launch a project that will allow electricity consumers to procure credit for their metres directly through their mobile phones.

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