Arrest Money Doublers On TV

Kojo Oppong Nkrumah

The Minister of
Information, Kojo Oppong Nkrumah, has called on the Bank of Ghana to take swift
action on persons who are advertising on some television stations that they
have the ability to double money for their clients.

He has suggested to the central
bank to state its position on the issue before matters come to a heat.

The minister was
answering questions during the Upper East Regional Town Hall Meeting in

The issue of people
claiming to have powers to double money to make people rich overnight on
television is becoming a growing concern and the regulatory authorities appear
not to be acting to avert future financial crisis.

The minister admitted
the situation was worrying and said the regulators both in the financial and
media sectors should not allow it to grow.

He also called on the
media and civil society organizations to intensify the campaign for a YES vote to
pave way for the election of municipal, metropolitan and district chief executives

According to the
Information Minister, a positive outcome after the December 17, 2019 National
Referendum would be positive for the country’s democracy because it seeks to
trigger the amendment of Article 55(3) of the 1992 Constitution of Ghana to
pave way for the public to elect whoever becomes their MMDCEs this time around.

“President Akufo-Addo
promised that he would ensure a shift from the current system of appointing
MMDCEs which some people say makes a President too powerful and prevents MMDCEs
from being directly accountable to the people in the districts, municipality
and metropolis,” he said.

“In fulfillment of this,
the administration has completed all its consultations and preparatory works.
The referendum is expected to come off on 17th December 2019 alongside the
District Assembly elections. To secure a YES vote, there will need to be a 40
per cent turnout at least out of which 75 per cent of the votes must be YES,”
he added.

FROM: Ebo Bruce- Quansah, Bolgatanga

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