'Decision To Take Down Many Indigenous Banks Is Not Right' - Oscar Yao Doe

Ghanaian business mogul King Oscar Yao Doe who is the President and Executive Chairman of Doscar Group, has voiced his opinion on the recent decision taken by the Bank of Ghana to revoke the licenses of some indigenous Savings & Loans banks in the country.

He challenged the President, Nana Akufo Addo, the Ghana Parliament and other key stakeholders to rise to the occasion and arrest the situation to avoid future economic jeopard because according him the decision not made with the interest of the nation at heart.

Oscar Yao Doe expresses his opinion and shares his experience as a successful Ghanaian businessman: 

"The Destruction of Indigenous Banks,Local Businesses,Well To Do Individual Ghanaian Business Owners ( Dr Ndoum Family , Duffuors Family, Kofi Amoaben Family, Ato Essien Family, The Awuah Darko Family Etc.) They Say We Should Fear ! Fear Who? Fear What? Really!

As A Corporate Executive & Business Owner,Father Of Community, I Came To The Conclusion That Everybody Has Their Own Hidden Interest in Every Situation and This Are Classically A Human Nature, It's Hiding in Everyone Including Myself, Therefore Any Leader To Succeed You Have To Ask Critical Questions Before You Arrive at Decision, If You Make Your Decisions Based on The Opinion of Other People They Will Mislead You To Make Wrong Decisions, And You Can Even Be Trapped By Making Your Friends Enemies Yours.

1.Example: The President Rely On The Opinion Of FMR Energy Minister Hon Boakye Agyarko To Make Decision on The AMERI Deal Which Went Wrong: Reading The Document Carefully and Asking Critical Questions Could Have Aided The President To Have Clarity on The Matter.

2. The President Also Rely on The Advice & Opinion From Our Usual Degree Holders Top Advisors For PDS Deal Which Also Went Wrong, And It's Has Brought A Big Challenge on The Government:

It's Also Now Clear A Certain Element Within The Finance Ministry( MOF) Bank of Ghana (BOG) Allow KPMG & Nii Amanor Dodoo to Used KPMG Twisted Incomplete Audit Report To Collapse Several Indigenous Banks! This is THE TRUTH, You Can See Ego, Show Them Where Powers is ,You Can See Clear Vendetta in Making This Decision! And Then They Appointed Nii Amanor Dodoo As Receiver To Cover Up His Own Deeds! Why Not Appointing a Neutral Person as a Receiver To Validate KPMG Audit For The Good Of Ghana.What Stop Them From Rescuing This Indigenous Banks& Local Businesses, Even If There Was Indiscipline, Even If They Were Facing Financial Difficulties,That Would Have Been The Best Decision For Ghana! Save Them And Then Tightening Regulation, Including Implementing New Tough Rules and Regulations For The Future.

Why Nii Amanor Dodoo Was Appointed The Receiver to Cover Up His Cooked Audit Works Through KPMG!

I Came To The Conclusion Based on My Own Reconciliation With The Receiver Nii Amanor Dodoo & KPMG

3. Example: Can You Imagine I Was Told 3 Million US Dollars Paid in 2015 Towards My Loans At Unibank Has Been Tracked To A Ledger, Another Ledger, Perhaps Millions of Ledgers As If I Was The Treasurer of Unibank or I Turned Myself Into Spirit To Put The Money in My Account, Or I Hacked Into Unibank Computers To Lodge The Money Nii Amanor Dodoo is Claiming Into My Account. This Is Unheard Off ( Completely Alien)

I Have Multiple Examples of My Dealings That I Can Refer To With Clear Evidence Which Doesn't Makes Sense.

I Just Even Discovered Recently That Some Irresponsible Faceless People at BOG Has Placed Fictitious Records At The Central Banking Credit Control, Showing That I Am In Indebtedness To Unibank Over 8 Millions Dollars 🙈🙊🙈 This Aim Is Designed to Hurt Me So That I Wouldn't Be Able To Access Credit in The Banking System in Ghana, Weird! Meanwhile I Have Paid My Personal Loans At Unibank Since The Bank Was Subjected Into Administration,I Have Also Settled My Other Obligations Towards Other Banks Which is Also Under Receivership,Payment Were Made Directly Into The Receiver's Bank Account, and There Is Ongoing Reconciliation With The Receiver , Which The Receiver & BOG Has Demonstrated Beyond Reasonable Doubt Bad Faith In Resolving The Outstanding Matters, So I Asked BOG to Explain or Give Further Clarity and I Am Yet To Receive a Response! I Am Waiting: They Better Response Fast! Who Knows! Who Cares!

Is This Kind Of Mindset For The 21st Century? Can This Kind of Reasoning Unleashed Prosperity ? Can This Kind Of Actions From People in Strategic Positions Take Ghana To A Premium Economy Status? Time Will Tell

I Made A Strong Case in A Letter To The Governor of Bank of Ghana (BOG) The 1st Deputy Governor, 2nd Deputy Governor And Copy The Presidency and Other Stakeholders, Challenging The Bank of Ghana, If This Is The Analogy, If This Is How KPMG Led By Nii Amanor Dodoo Arrived at Their Figures, or If This is The Trend They Used to Deal With, and That Was Used To Destroy Our Indigenous Banks and Local Businesses, Then There Is A Red Flag" Let's Go Deeper And Find Out What Really Occurred During The Audit, For The Sake Of Ghana, For Posterity, Because Ghana is Not a Property of An Individual,It's Not a Property of a Particular Tribe, It's Not a Property of a Particular Family, Not Even The President, Therefore There is An Obligation on Appointed Officials To Make Decisions in The Interests of Ghana Only, Ghana is For All Ghanaians. We Have An Obligation and Responsibility to Make Decisions That Take Everyone on Board Regardless of Their Mistakes and Shortcomings.

Rescuing & Saving Our Indigenous Banks and Local Businesses Could Have Been The Better Option If The Decisions Were Made Fairly With Compassion, Forgiveness, Caring, For The Sake Of Not Pushing Out Our Own People, Ghanaian Business Owners, Well To Do Ghanaians Into The Wilderness Empty Handedness".