The Majority in Parliament has asked the Minority to stop politicizing matters related to the National Investment Bank (NIB) and to urge the government to recapitalize the bank instead.

The Minority in Parliament has strongly urged the government to undertake a significant restructuring of the ailing NIB to prevent the bank’s potential liquidation.

Recent reports have indicated the possibility of ADB acquiring NIB, which currently has liabilities exceeding GH¢2 billion.

Speaking to journalists in Accra on Wednesday, the Majority Chief Whip, Frank Annoh-Dompreh, said, “What the government should be encouraged and urged to do is to help in the recapitalization but not to run down the bank. So, our colleagues in the Minority should stop this politicization of all matters, especially matters related to the financial sector.”

“If they don’t have the facts, they should just be patient, investigate, and get the facts before they come out.”

Meanwhile, the Minority in Parliament has threatened to take legal action against the government if it attempts to sign off on the takeover between the Agricultural Development Bank (ADB) and National Investment Bank (NIB).

During an interview on the Point Blank segment of Eyewitness News on Citi FM on September 29, 2023, Isaac Adongo, the Ranking Member of Parliament’s Finance Committee, accused the government of having an ulterior motive in the liquidation of NIB.