Police Service Must Stop The Illegal, Exorbitant Charges Of Banks, Lawyer Fumes.

An Akim Oda based private legal practioner, Lawyer Augustus Ennin Attafuah has expressed dissatisfaction over exorbitant charges the police administration charges financial institutions in the country before rendering the core mandate of the service to them. According the lawyer, its illegal for the police service which is paid by the tax payer to render service to charge extra amount for rendering service to the citizenry.

Lawyer Attafuah who is a shareholder of the South Birim rural bank was speaking during the thirtieth Annual General Meeting of the bank. He expressed fully also about the amount involved and how it is crippling the growth of banks in the country. When asked by the press as to whether he would want to take up the challenge and meet the police administration in court, lawyer Attafuah said he will not do that as an individual but will be willing to assist the Association of Rural Banks (ARB) if they choose to take up the matter.

The South Birim Rural Bank’s money paid to the police service of Ghana increased from Gh₵13,580.00 in 2013 to Gh₵74,8850.00 in 2014, a situation the board chairman of the bank Hon. Robert Amoah describes as ”difficult”.

According the chairman, the police charges and generator running costs alone cost the bank a whooping Gh₵130,777.00. ”The bank could have used this amount to expand its operations in giving loans and even employing many of our young men gal women.” He added.

On the issue of non payment of loans, the bank has vowed to use all legal means no matter how harsh they may seem to retrieve all its monies from loan defaulters.

The South Birim Rural bank grew by 17% in 2014 over 2013 with it total asset growing from Gh15,292,657.00 in 2013 to Gh₵17,891,444.00 in 2014

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