Superintendent Minister of the Methodist Church of Ghana, Rt. Rev. Stephen Richard Bosomtwi-Ayensu has revealed his GHS100,000 investment has been locked up in a bank “belonging to a former presidential candidate”.

According to Rt. Rev. Bosomtwi-Ayensu, he is in full support of the recapitalisation exercise of the Bank of Ghana (BoG) because it saved the financial sector from collapsing.

He added that although the exercise led to the lock-up of his funds, it is for the good of the sector.

Rt. Rev. Bosomtwi-Ayensu said the erstwhile Mahama administration failed to ensure that the banking sector operated in a sanitised environment, thus, the failure of some of the local banks to operate within the regulatory framework of the Bank of Ghana.

Speaking on AccraFM, Rt. Rev. Bosomtwi-Ayensu said: “For those of us who appreciate matters relating to economics and finance if we don’t support the government in the recapitalisation then we will be doing a disservice to the nation”.

“I am also a victim of the banks that collapsed. I have my money locked up in a bank belonging to a former presidential candidate in Ghana; that bank says it doesn’t have money to give to me”, he complained.

“More than GHS100,000 of my investment has been locked up in his bank, I was about retiring, so, I decided to save my little income only for it to be locked up in that bank. The owner of that bank is a serious politician in Ghana, a former presidential candidate who wanted to be a president in Ghana”, Rt. Rev. Bosomtwi-Ayensu hinted without mentioning names.

The cleric added: “I always applaud this government because of this move to clean up the banking sector. All the banks that were not performing deserved to be collapsed.