General Secretary of the opposition National Democratic Congress (NDC), Johnson Asiedu Nketia, popularly known as General Mosquito, has revealed why Dr Papa Kwesi Nduom’s GN Savings and Loans Company has collapsed.

According to him, Dr Nduom mixed politics with business which is a toxic combination.

“I think management of Groupe Nduom has mixed water and kerosene. Mixing politics with business is a toxic combination and I think that has landed them into their current state. They are going through this treatment because of this reason.

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“If they were doing an outright business without any political interference, they won’t have gone through this mess,” he said while commenting on the revocation of the licence of GN Savings and Loans by the Central Bank.

He was speaking on Asempa FM’s Ekosi Sen programme, Friday.

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General Mosquito said the BoG’s clearance of the financial sector was too harsh.

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He said the method could have been done in a better way to prevent the current mess in the financial sector.

Source: | Dorcas Abedu-Kennedy