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05.05.2020 Business & Finance

Bank Of Ghana Should Enforce Six Months Moratorium Loan Directive--Abronye DC

By Eric Tabiri
Bank Of Ghana Should Enforce Six Months Moratorium Loan Directive--Abronye DC
LISTEN MAY 5, 2020

The Bono regional chairman of the New Patriotic Party (NPP) has made a passionate appeal to the Bank of Ghana to ensure that six month moratorium set by President Nana Akufo for persons who went for loans to pay are strictly adhered to.

He has disclosed that, some particular banks are flouting the decision by the President to suspend the aggressive collection of loans from customers at this pandemic period, a move he has called for Bank of Ghana’s swift intervention.

Chairman Kwame Baffoe noted this over the weekend in Sunyani after the Bono Regional Secretariat of the NPP presented PPEs such as alcohol based sanitizers, tissues, V-Basket, Liquid soap, chairs among other essentials to all the twelve Constituencies in the region.

The Personal Protective Equipment (PPEs) were presented by the New Patriotic Party National Secretarait to the various regions for onwards distribution to the constituencies as part of the Party's measures to halt the pandemic.

Chairman Abronye observed that, at these trying moments one will expect that, all institutions in Ghana will be up to task to tackle the virus head on but it's unfortunate some of the banks who are supposed to cushion their customers are rather making the situation worse for them by aggressively running after them for non-payment of loans.

According to him, the President granting the banks of a six (6) month moratorium of principal repayments to entities in the airline and hospitality industries, i.e. hotels, restaurants, car rentals, food vendors, taxis, and uber operators.” was specifically to ensure that Ghanaians can cope with the pandemic and therefore Bank of Ghana should not sit unconcern for banks to openly disregard the presidential directive.

Chairman Abronye again explained that government has reduced all loans by two percent therefore Bank of Ghana must intensify public education and ensure strict compliance mechanism as it has been done by their counterparts in the energy sector over the recent electricity subsidies.

Receiving the items on behalf of the Constituencies, the Constituency Chairman for Dormaa East, Lawyer Solomon Oppong commended the party for the gesture and added that, fighting coronavirus is not a political banter but rather a collective fight for all Ghanaians.

He called on the public to ensure vigorous hand washing protocols and should not discriminate in terms of which veronica buckets they wash their hands under base on its political branding because the virus has no political colour.

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