The banking sector difficulties which led to the collapse of of some nine banks including the famous UT Bank has come up to light again. The CEO of the defunct bank (UT Bank) has been speaking about the issues.
Many people believed that the former National Democratic Congress government and the now ruling New Patriotic Party governments had some roles to play in the collapse of those defunct banks.
Mr. Kofi Amoabeng revealed that his workers were the cause of the collapse of UT bank. The acts perpetrated by workers of the defunct bank through non-performing loans resulted in the bank losing investors funds.
According to the banking mogul, the thievery by his workers resulted in liquidity issues for the defunct UT Bank.
Many business owners in Ghana are actually finding it tough because of the issues of theft and corruption they face when they employ some citizens.
Many Ghanaians have given up on creating businesses in the country because of these issues. It is interesting that Mr. Kofi Amoabeng laid credence to the same challenge McDan et al spoke about awhile ago.
The dishonesty of some Ghanaian workers is a major problem for many businesses and a solution must be found for this. Indeed some organizations had to invest in many security systems to try and manage the situation yet some employees can escape even these security systems.
You can’t just create a business in Ghana and leave it for employees to manage, it will collapse or get to a precarious situation in no time.
Fellow Ghanaians, what do business owners need to do to stop some of these thievery which Mr. Kofi Amoabeng said collapsed his business.
Do we as a country need a change in mindset? Do we have to do more to shape citizens integrity?
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