Defunct Banks and Other Financial Institutions Network hails Sophia Akuffo as ‘Yaa Asantewaa’ of our time

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Former Chief Justice Sophia Akuffo was hailed by the Defunct Banks and Other Financial Institutions Network (DEBOFIN) for joining pensioner bondholders last Friday to picket the Ministry of Finance’s offices.

DEBOFIN referred to the action as a “motherhood demonstration” in a statement.

By raising the issues of a voiceless and vulnerable population and speaking truth to power in the face of an insensitive finance minister, you demonstrated leadership and expanded our democratic borders, according to the Network.

“Your action is only reminiscent of the iconic Obaa Yaa Asantewaa, a woman of much sensitivity and bravery who stood up for her people in war. You’ve demonstrated motherhood of conscience and empathy and we are grateful for speaking out at this time.”

According to the Network, it saw “the incompetence and insensitivity of the finance minister, the Governor of BOG and the entire economic management team in their approach towards the 2017 banking sector clean up.”

It noted “that is when we started failing as a country.”

“Time has now exposed them,” the statement said, “and we call on well-meaning Ghanaians, especially former president John Agyekum Kufour, to strongly urge the president to terminate their involvement and restore trust to the financial service industry and the economy as a whole.”

Additionally, the Network demanded “a drastic reduction in government expenditure for 2023, the size of government and its missions, a reduction in wasteful spending and other corruption-related activities.”


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