BoG not taking over Ideal Finance, disregard false stories – Management

November 19, 2018

Ideal Finance has asked the public to disregard a publication online which indicated that the Bank of Ghana was about to take over the finance house due to liquidity challenges.

The publication by, said the Finance Minister, Ken Ofori-Atta, in an interview on Accra-based Peace FM, had suggested that the Central Bank was set to take over Ideal Finance by the end of the year due the financial institution’s growing inability to pay the funds of depositors.

In a statement however, the management of Ideal Finance rubbished the story, stating that the Finance Minister, at no point during the interview, intimated that the BoG would take over Ideal Finance.

“Ken Ofori-Atta did not at any point during the interview with Kwami Sefa Kayi say the words attributed to him thus “…take over Ideal Finance over liquidity challenges.

“This publication is untrue and fraught with fictitious quotes which do not vaguely represent what the minister said in the aforementioned interview. The source website, retracted and removed the story from their website within 2 hours of publication due to the misrepresentations made in the story.”

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