MP for New Juaben North, Hackman Owusu Agyemang has appealed to the government to establish a Financial Services Authority, FSA and the office of Financial Ombudsman. This, he said would prevent the short changing of Ghanaian businesses by the banks and other financial institutions.
The phenomenon he noted has made people to have the conviction that there is a form of cartel operation at play. Mr. Owusu-Agyeman said this in a statement he presented on the floor of parliament.
He said his statement stems from President John Evans Atta Mills’ State of the Nation’s Address last year, during which he appealed to the membership of the House to join in managing the economy in this difficult time. The FSA according to him would promote efficient, orderly and fair financial market and help retail financial services for consumers to get a fair deal.
