Assure Ghanaians about fate of existing banks - Kwesi Pratt to BoG

Managing Editor of the Insight newspaper, Kwesi Pratt Jnr., wants the Central Bank to put in place measures that will stem any panic withdrawals by customers of indigenous banks in the country.

To him, panic withdrawals are not only a potential threat to the growth and success of local banks, but most likely affect Ghana's financial sector, with the economy heading to a downward course.

He expressed worry over the rate of crippling local financial businesses and therefore told host Kwami Sefa Kayi on Peace FM's 'Kokrokoo' show, that the Bank of Ghana being the mother financial institution with oversight responsibility over the financial sector, must "give assurances to the public about the fate of the existing banks”.

Also commenting on the law suit against Pastor Mensa Otabil, General Overseer of the International Central Gospel Church (ICGC) and management of the defunct Capital Bank, Kwesi Pratt alluded to previous reports that he and his media outfit made years ago regarding the activities of the bank managers.

According to him, during the years he was publishing the rot at Capital Bank, the bank authorities threatened him with legal suits but to no avail till they both had an amicable settlement to stop the publications.

Although noting that he doesn't feel vindicated by the suit against Pastor Mensah Otabil and 13 others of the Capital Bank; he however wants finality on the issue.