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UT & Capital banks liquidation not strange – Deputy AG

GCB Bank has been handed the running of the two banks

The Deputy Attorney-General and Minister of Justice says the liquidation of UT Bank and Capital Bank is not strange and new in the country.

According to Joseph Dinkiok Kpemka, “it shouldn’t be as if it’s a very strange happening but it is to protect the public and customers”.

The Member of Parliament for Tempane Constituency in the Upper East Region made the comments on Wednesday while contributing to a discussion on TV3’s New Day on the takeover of the two banks by GCB Bank.

“We have had some examples like the DKM, God is Love, and others and we took the Bank of Ghana to the cleaners for not doing their jobs well. In the circumstances of the past, we took the Bank of Ghana on for not acting but in this circumstance, they acted well in this time,” the New Patriotic Party (NPP) MP explained.

He said “we encourage the bank that has taken over to manage the situation well because it is a step in the right direction”.

Lawyer Dinkiok Kpemka noted that “if certain information had gone into the public domain, that would have worsened the situation”.

“We are living in the era that transparency which is the order of the day and anything that brings about transparency in this country must be encouraged by every citizen of this country so this government will never do anything that will retire the progress of this nation. We are ready to protect the people of Ghana.”

A member of the opposition National Democratic Congress (NDC), Abraham Amaliba, said “there are more questions to ask, so Members of Parliament must bring the Minister of Finance and the Bank of Ghana to come and explained to the people of Ghana what actually happened”.

“In opposition, [NDC] will continue to hold them accountable to draw the line to what is good and bad so what the minority did yesterday was in right direction,” he observed.

By Kweku Antwi-Otoo|TV3|3news.com|Ghana

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