• About
  • Advertise
  • Privacy & Policy
  • Contact
Newstitbits
Advertisement
  • News
    Oliver Barker-Vormawor

    Police dismiss “falsehoods” over Vormawor’s medical expenses in custody

    Photos: Roman Catholics in Accra hold peaceful prayer walk against galamsey

    Photos: Roman Catholics in Accra hold peaceful prayer walk against galamsey

    La Traditional Council suspended indefinitely

    La Traditional Council suspended indefinitely

    Anti-galamsey group fumes over lack of prosecution of Akonta mining directors

    Our initial demands remain unchanged; ban galamsey before end of September – Organised Labour to government

    Ogyeahoho Yaw Gyebi II

    Galamsey: National House of Chiefs President rejects calls for mining ban

    jail

    Accountant jailed two years for stealing Ghana Police Church money to bet

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    Elephant in the Room: Millions in Cecilia Dapaah’s bedroom and Digital Ghana Agenda

    Elephant in the Room: Millions in Cecilia Dapaah’s bedroom and Digital Ghana Agenda

    Meta to collect VAT and levies for Ghana

    Meta to collect VAT and levies for Ghana

    Twitter threatens legal action over Meta’s new app

    Twitter threatens legal action over Meta’s new app

    Instagram owner to launch Twitter rival on Thursday

    Threads: Ten million join Meta’s Twitter rival, Zuckerberg says

    Instagram owner to launch Twitter rival on Thursday

    Instagram owner to launch Twitter rival on Thursday

    Arnold Schwarzenegger says ‘Terminator’ films predicted Future of AI: “It has become a reality”

    Arnold Schwarzenegger says ‘Terminator’ films predicted Future of AI: “It has become a reality”

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Lifestyle
    Apple iPhone sales fall in nearly all countries

    Apple iPhone sales fall in nearly all countries

    cheating partner

    Western North, Greater Accra top regions with most promiscuous men

    Media urged to demystify communication on sexual, reproductive health

    Ghana, five countries show exemplary progress in Adolescent Sexual and Reproductive Health and Rights

    Residents of Cape Coast warned against open defecation near the Castle

    Residents of Cape Coast warned against open defecation near the Castle

    80-year-old former Minister weds young lady in 9th marriage

    “I married for myself and not anyone else” – 80-year-old Dominic Fobih breaks silence

    Brynx Haven Accra Hotel launched

    Brynx Haven Accra Hotel launched

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
No Result
View All Result
  • News
    Oliver Barker-Vormawor

    Police dismiss “falsehoods” over Vormawor’s medical expenses in custody

    Photos: Roman Catholics in Accra hold peaceful prayer walk against galamsey

    Photos: Roman Catholics in Accra hold peaceful prayer walk against galamsey

    La Traditional Council suspended indefinitely

    La Traditional Council suspended indefinitely

    Anti-galamsey group fumes over lack of prosecution of Akonta mining directors

    Our initial demands remain unchanged; ban galamsey before end of September – Organised Labour to government

    Ogyeahoho Yaw Gyebi II

    Galamsey: National House of Chiefs President rejects calls for mining ban

    jail

    Accountant jailed two years for stealing Ghana Police Church money to bet

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    Elephant in the Room: Millions in Cecilia Dapaah’s bedroom and Digital Ghana Agenda

    Elephant in the Room: Millions in Cecilia Dapaah’s bedroom and Digital Ghana Agenda

    Meta to collect VAT and levies for Ghana

    Meta to collect VAT and levies for Ghana

    Twitter threatens legal action over Meta’s new app

    Twitter threatens legal action over Meta’s new app

    Instagram owner to launch Twitter rival on Thursday

    Threads: Ten million join Meta’s Twitter rival, Zuckerberg says

    Instagram owner to launch Twitter rival on Thursday

    Instagram owner to launch Twitter rival on Thursday

    Arnold Schwarzenegger says ‘Terminator’ films predicted Future of AI: “It has become a reality”

    Arnold Schwarzenegger says ‘Terminator’ films predicted Future of AI: “It has become a reality”

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Lifestyle
    Apple iPhone sales fall in nearly all countries

    Apple iPhone sales fall in nearly all countries

    cheating partner

    Western North, Greater Accra top regions with most promiscuous men

    Media urged to demystify communication on sexual, reproductive health

    Ghana, five countries show exemplary progress in Adolescent Sexual and Reproductive Health and Rights

    Residents of Cape Coast warned against open defecation near the Castle

    Residents of Cape Coast warned against open defecation near the Castle

    80-year-old former Minister weds young lady in 9th marriage

    “I married for myself and not anyone else” – 80-year-old Dominic Fobih breaks silence

    Brynx Haven Accra Hotel launched

    Brynx Haven Accra Hotel launched

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
No Result
View All Result
Newstitbits
No Result
View All Result
Home Business

Collapse of banks the result of acts of lawlessness – Akufo-Addo

Isaac Essel by Isaac Essel
September 10, 2018
in Business, Top Story
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The President Nana Addo Dankwa Akufo-Addo, has indicated that many of the problems that plague the country have something to do with the mal-functioning of the law, including the banking crisis that has led to the collapse of some indigenous banks. According to President Akufo-Addo, “the story of every bank that has had problems, be they indigenous Ghanaian banks or international banks, like Barings Bank, Lehman Brothers, Bank of Credit and Commerce International (BCCI), each one can be traced to someone or some people breaking the law, or trying to cut corners by flouting regulations.” The effects of these acts of lawlessness, the President said, “have been, invariably, the loss, and threat of loss, of innocent depositors’ savings and jobs.” President Akufo-Addo was speaking at the 2018 Annual Conference of the Ghana Bar Association, on 10th September, 2018, when he made this known. He stated, in his address, that one apparent restraint to Ghana’s progress, i.e. the missing link in the country’s governance system, which hampers the rapid economic development we seek, is the deficit in the application of the rule of law. “It affects everyday life. It is about breaking rules and regulations in many aspects of our lives, and wanting to, and, indeed, circumventing the laws that are meant to guide our society,” he said. He continued, “It has to do with driving recklessly, and breaking all the traffic regulations and trying to bribe the police when you are pulled up. It has to do with not getting the proper permit to build a house, and it has to do with looking the other way when something wrong is going on.” For members of the legal fraternity, the President stated that “it has to do with sharp practice and unethical behaviour by some lawyers, which jeopardise the administration of justice and the interests of ordinary people. It has to do with judicial corruption, which, a priori, constitutes a violation of the judicial oath.” The degradation of the environment, pollution of the atmosphere and water bodies, petty bribery and corruption, bribery and corruption on a grand scale, he added are clear cases of people braking the law. “When a road that was built barely a year ago develops potholes, someone or some people have been breaking the law or cutting corners. The story of environmental degradation occasioned by illegal mining, what we call galamsey, is a clear case of people breaking the law,” he added. The President urged Members of the Ghana Bar Association to be the natural champions of a law-based state, whose establishments should be solid enough to sanction effectively vigilantism, bank frauds, cyber frauds, sharp practice, illegal mining, unlawful exports of fertilisers and oil products, identity thefts, stealing of public funds, bribery and corruption, criminal cartels, and criminal behaviour in general. “The employment of technology to the practice of law and the administration of justice will help facilitate the nation’s ability to reach these goals,” he added. Source: 3news.com | Ghana]]>

Tags: Akufo-Addobankslawlessness
Previous Post

Commonwealth Africa Head wants deliberate literacy, skills development policies across Africa

Next Post

Derek Boateng initiates court action against ex-teammate John Paintsil to recover US$20,000

Isaac Essel

Isaac Essel

Next Post

Derek Boateng initiates court action against ex-teammate John Paintsil to recover US$20,000

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
Twitter threatens legal action over Meta’s new app

Twitter threatens legal action over Meta’s new app

July 7, 2023
Arnold Schwarzenegger says ‘Terminator’ films predicted Future of AI: “It has become a reality”

Arnold Schwarzenegger says ‘Terminator’ films predicted Future of AI: “It has become a reality”

July 2, 2023
cheating partner

Western North, Greater Accra top regions with most promiscuous men

February 3, 2024
Residents of Cape Coast warned against open defecation near the Castle

Residents of Cape Coast warned against open defecation near the Castle

May 20, 2023

Garbage engulf parts of Kumasi despite clean-up exercises

0

Burkina Faso coup leaders ‘free President Kafando’

0

Rwanda peacekeeper kills four colleagues in CAR

0

Gunman in Mahama’s church for court today

0
Ghana and Morocco sign groundbreaking visa-free travel agreement

Ghana and Morocco sign groundbreaking visa-free travel agreement

June 6, 2025

Road Safety in Crisis: Why Ghana Must Urgently Apply SHEQ Principles to Reverse the Bloodshed

June 6, 2025

Let’s use Eid to strengthen unity, build Ghana – Mahama

June 6, 2025

Eid-Al-Adha: National Chief Imam calls for global peace, moral renewal

June 6, 2025

Recent News

Ghana and Morocco sign groundbreaking visa-free travel agreement

Ghana and Morocco sign groundbreaking visa-free travel agreement

June 6, 2025

Road Safety in Crisis: Why Ghana Must Urgently Apply SHEQ Principles to Reverse the Bloodshed

June 6, 2025

Let’s use Eid to strengthen unity, build Ghana – Mahama

June 6, 2025

Eid-Al-Adha: National Chief Imam calls for global peace, moral renewal

June 6, 2025

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Business
  • Crime
  • Education
  • Elections
  • Fashion
  • Featured Story
  • Inspiration
  • Lifestyle
  • Major Politics
  • News
  • Opinion
  • Photos
  • Politics
  • Quirky News
  • Religion
  • Showbiz
  • Sports
  • Tech
  • Top News
  • Top Story
  • Top-Story
  • Uncategorized
  • Wise Saying
  • World

Recent News

Ghana and Morocco sign groundbreaking visa-free travel agreement

Ghana and Morocco sign groundbreaking visa-free travel agreement

June 6, 2025

Road Safety in Crisis: Why Ghana Must Urgently Apply SHEQ Principles to Reverse the Bloodshed

June 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.