Dr. Joseph Obeng, President of the Ghana Union of Traders Associations (GUTA) has disclosed that Ghanaians are losing their trust in the country’s banking sector.
He projected that very soon people will no longer keep their monies in the bank if care is not taken.
“I am scared Ghana will go back to the dark ages where Ghanaians kept their monies under their beds because they were terrified to keep them in the bank for fear that the revolutionaries will seize it,’’ he stated at the Stanbic breakfast meeting monitored by 1Family Radio.
According to him, it took many years of education and sensitization for people to change this notion and have confidence in banks.
He is of the view that foreign organizations and individuals should be made to save money for importation with the central bank in order to reduce the forex exchange.
He hinted that this will help sustain the economy and also attract investors into the country.
“What the government needs to do is to ensure that foreign organizations and retailers save money for importation of goods with the central bank or any other public financial body to minimize forex exchange and prevent the situation where these people import their goods, sell and repatriate their monies,’’ he stated.