7 articles
It is ethically wrong for Databank to play a role in the issuance of government bonds due to conflict of interest because the Finance Minister Ken Ofori-Atta used to be a Co-Founder of the bank, Chief Executive Officer of the defunct UT Bank, Prince Kofi Amoabeng has said. It has been alleged that D
An Accra High Court has granted bail to the founder of the defunct UT Bank, Prince Kofi Amoabeng and five others facing trial for the collapse of the bank. The six accused have, among other offences, been charged with fraudulent breach of trust, deceit of a public officer and fabrication of evidence
The speaker of Parliament, Prof Mike Aaron Oquaye, has ordered Mr Ken Ofori-Atta, Finance Minister to appear before the house on March 13, 2019 to answer to questions regarding the collapse of UT Bank and Capital Bank. The Finance Minister was scheduled to be in parliament on Thursday, March7, 2019
Information reaching Business Day indicates that many institutional investors, which have fixed deposits with UT, Capital, UniBank, and other defunct banks are being frustrated by the Bank of Ghana (BoG) in getting their monies back even though their investments have matured. Business Day gathered t
The Bank of Ghana is to release over 42 million cedis to pay the severance package of some 960 former workers of the defunct UT and Capital banks. Payment for the severance package which has delayed for over a year now will be paid from Friday, January 18. BoG agreed to release the amount after [&he
GCB Bank Ghana Limited is integrating its systems with that of erstwhile UT Bank and Capital Bank. The process is expected to end by close of February. In a communiqué, GCB urged all customers of the two banks it took charge of to comply with transition. As part of the process, the bank will issue [
GCB Bank Limited is currently in the process of integrating its systems with that of recently-assumed banks, UT Bank and Capital Bank, to better serve customers of the respective banks. In August 2017, the Bank of Ghana gave GCB Bank the green light to acquire UT Bank and Capital Bank as a result of
