IT A SHAME THE PREVIOUS GOVERNMENT DIDN'T TAKE TIME TO ADDRESS THIS ISSUE AND THAT WAS THE PROBLEM WHY GHANA CEDI WAS ON TAIL SPIN WITH HUGE DEVALUATION. IT UNFORTUNATE PEOPLE  WERE BORROWING MONEY AND NOT PAYING BACK WITH HIGH INTEREST RATE AND THE BANKS WEREN'T DOING DUE DELIGENCE TO RECOVER SUCH LOANS EITHER WITH INCOMPETENT STAFF. EVERY NATION FINANCIAL SECTOR IS KEY IN NATION BUILDING. I WILL NOT BE SURPRISED THAT MONEY BORROWED BY INDIVIDUALS WERE BEING USED TO DO INVESTMENTS IN THE SAME BANKING SECTOR IN ANOTHER FORM WHILES LOANS WERE NOT BEING PAID BY SAME INDIVIDUAL. THAT IS WHY GHANA NEED DIGITAL ADDRESSING SYSTEM, NATIONAL INDENTIFICATION AND DIGITIZING THE ECONOMY TO REMOVE SUCH ILLIGALITIES SERVICES. BY CLOSING INCOMPETENT BANKS IS THE WAY FORWARD
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