<![CDATA[ Officials of the Central Bank involved in alleged misconduct leading to the collapse of some indigenous banks are being investigated, 3news.com has gathered. Most of them will be sacked if the allegations against them are found to be true. On Thursday, the Minister of Finance confirmed the move by the Bank of Ghana when he read the 2019 budget statement. Ken Ofori-Atta disclosed that an Office of Ethics and Internal Investigations has been set up by the Central Bank “to investigate all allegations of misconduct by staff, including any role [played] in the collapse of defunct banks”. He gave the assurance that the government “will not shield anyone found complicit in the failure of these banks”. Last year, two banks – precisely UT Bank and Capital Bank – were ceded to GCB Bank after they were declared insolvent. On Wednesday, August 1, 2018, Governor Dr Ernest Addison announced the establishment of the Consolidated Bank of Ghana to take over five banks said to have been financially distressed.
BoG staff probed over collapse of banks
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