The minority in Parliament, represented by Isaac Adongo, the ranking member on the Finance Committee and MP for Bolgatanga Central, has expressed its position on the liquidity and recapitalization challenges facing the National Investment Bank (NIB) and the possibility of a merger with Agricultural Development Bank (ADB).

Adongo criticized the government for neglecting the activities of NIB, which has led to its current financial situation.

He alleged that some management members had abandoned their duties and were only visible during virtual meetings.

He argued that ADB owes NIB a significant amount of money, and instead of merging the two institutions, ADB should release the owed funds to support NIB’s survival.

Dr. Cassiel Ato Forson, the minority leader, also voiced concerns about the fate of NIB’s staff if the bank were to collapse or merge.

He pointed out that there are over 4,000 employees at the bank, and it would be unwise to send them home in the current situation. He called on the government to take urgent action to prevent the looming crisis.