Political

Banking probe: Adongo’s boycott “needless”, “useless” – MP

The Member of Parliament for Bantama in the Ashanti Region has taken a swipe at his colleague legislator for boycotting the ongoing probe into the banking crisis.

Daniel Okyem Aboagye said the arguments on which the Minority MP left the meeting abruptly, are misplaced.

He cited the failure of the rest of the Minority MPs to join Mr Adongo in his exercise as just how wrong the latter was; describing his actions as “needless” and “useless”.

Ranking Member on the Finance Committee of Parliament, Isaac Adongo stormed out of the in-camera probe on the first day of the hearing [Wednesday] ranting about some documents he said the Governor of the Bank of Ghana failed to provide.

The NDC MP was given BoG press releases on the defunct banks, state of banking system report for March 2018, the central bank Governor’s speech and the Executive summary of a Boulder’s report into UniBank.

But a disappointed Isaac Adongo said the documents are a pale shadow of the information required to get a better understanding of the circumstances leading to the collapse of the seven banks.

He said auditing firm, KPMG has done five asset quality reviews on UniBank alone, the reports of which have not been presented to the Finance committee.

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