Businessman and politician, Hassan Ayariga, expressed his concern regarding the current policy of haircuts on people's money held in banks. According to him, it would be more prudent for individuals to keep their money at home due to the apprehension surrounding haircuts on bank accounts.

Ayariga highlighted that the issue of haircuts has become a major concern for many people. Consequently, a significant number of individuals have chosen not to keep their money in banks, fearing the possibility of haircuts or, worse, the uncertainty of accessing their funds when required.

“I have met contractors of my calibre, from Germany, UK, America, have sent them millions od dollars to build them house. And such contractors can come up with as much as even $5 million and keep it at home because now, you cannot send such monies to the bank because the finance minister will do a haircut on it and when you even want your money, it will not be released to you…

“Yes, a lot of people have refused to put monies in the bank because of haircut. So, the haircut issue is another problem that people do not want to keep their monies in the bank anymore because when you put your money there and you want it back, the banks don’t have the monies. So, it is better to keep the money in your house,” he said in an interview with Kofi TV.