Tag Archives: BANKING CRISIS

Former President John Mahama has promised to pay depositors whose investments have been locked up following the banking crisis undertaken by the Akufo-Addo government. “…We believe that we do owe depositors. When I come into government, we will make sure we will pay depositors their monies within the shortest possible …

The embattled Chief Executive Officer of defunct Beige Bank Mike Nyinaku has been admitted at the Police Hospital in Accra after he fell ill Thursday, police prosecutors have told the court hearing his prosecution. Mr. Nyinaku is being prosecuted by the state over his role in the collapse of the …

Former CEO of defunct UT Bank, Kofi Amoabeng, has criticised the Bank of Ghana’s procedure for closing banks, citing the closure of his bank as a case in point. “We didn’t need policemen at dawn – at 6 am as if it is a Rawlings coup. And then GCB staff …

President of UT Holdings, Prince Kofi Amoabeng, has blamed the challenges in the banking sector on the regulator’s poor scrutiny of the sector. In an exclusive interview with JoyBusiness, Mr Amoabeng said, banking licenses were issued anyhow and to all sort of people without proper checks causing the current crisis …