18,000 Ghanaians dead due to banking sector clean up – ASEPA claims

Finance Minister, Ken Ofori-Atta

Over 18,000 Ghanaians died of hardships as a result of the banking sector clean-up under the Akufo-Addo administration, the Alliance for Social Equity and Public Accountability (ASEPA) claimed.

Speaking at a press conference in Accra, the Executive Director of the policy think tank, Mensah Thompson, said workers who were laid off and some customers have gone through harsh times ending in their graves.

“18,000 workers of the affected cleanup exercise have died. 6,500 orphans are currently struggling to fend for themselves in the unbridled cleanup exercise sanctioned by the Akufo-Addo led government. Many have been ejected from their homes and the sick are unable to access their cash to access health care,” Mr Thompson stated.

Giving the breakdown, Mr Thompson said 4,500 direct and 2,000 indirect jobs were lost from the revocation of 16 bank licenses.

He noted that additional 4000 direct and 3,800 indirect jobs were lost after the revocation of licenses of 23 Savings and Loan companies nationwide.

He was quick to add that 9,000 of the affected workers were currently homeless.

ASEPA said the data was collected from previous customers of these collapsed banks and financial institutions and previous employees and agents of the financial institutions

ASEPA’s study comes following renewed agitations by customers and staff of the collapsed financial institutions for their locked-up funds and severance packages respectively.  

Source: Daily Mail GH

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