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5 banks to go bust if Exchange Programme goes ahead -Ato Forson predicts

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By Eugene Davis Parliament’s Ranking on Finance, Dr. Ato Forson has disclosed that about five banks are likely to go bust following government’s impending domestic debt exchange programme(DDE) if the latter fails to engage further. Speaking to journalists during a minority press conference on DDE on Monday at parliament house, he cautioned government to engage extensively or things could get to its head. “If they fail to engage, they will continue to postpone, the banks have 60bn plus in government bonds, the insurance companies have 10bn plus of their monies in government bonds, the two put together is 70bn, on...
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