Majority in Parliament is calling on the Minority to refrain from politicizing issues concerning the National Investment Bank (NIB) and, instead, encourage the government to inject capital into the bank.
The Minority in Parliament has been fervently advocating for substantial restructuring measures to rescue the struggling NIB from possible insolvency.
There have been reports suggesting that the Agricultural Development Bank (ADB) might acquire NIB, which currently grapples with liabilities surpassing GH¢2 billion.
Addressing the press in Accra on Wednesday, Frank Annoh-Dompreh, the Majority Chief Whip, stated:
“What the government should be encouraged and urged to do is to help in the recapitalization but not to run down the bank. So, our colleagues in the Minority should stop this politicization of all matters, especially matters related to the financial sector.”
“If they don’t have the facts, they should just be patient, investigate, and get the facts before they come out.”
Conversely, the Minority in Parliament has issued a warning of legal action against the government should it proceed with finalizing the acquisition deal involving the Agricultural Development Bank (ADB) and the National Investment Bank (NIB).
Isaac Adongo, the Ranking Member of Parliament’s Finance Committee, voiced these concerns during an interview on the Point Blank segment of Eyewitness News on Citi FM on September 29, 2023.
He accused the government of harboring undisclosed motives behind the liquidation of NIB.