Bank of Ghana to Go After Directors, Managers of Collapse Banks
Accra, Ghana, August 15, 2018//-The Bank of Ghana (BoG) has assured Ghanaians that it would go after persons whose actions contributed to the collapse of the seven banks in the country.
Accra, Ghana, August 15, 2018//-The Bank of Ghana (BoG) has assured Ghanaians that it would go after persons whose actions contributed to the collapse of the seven banks in the country.
Accra, Ghana, August 15, 2018//-Shareholders and ex-directors of three defunct banks – UT, Capital and Sovereign banks have been banned from Ghana’s financial market with immediate effect.
Accra, Ghana, August 15, 2018//-Being ignorant about happenings in the bank cannot be an excuse for the Board Chairman of the defunct Capital Bank, Dr. Mensa Otabil, if evidence of mismanagement is established, banking consultant Nana Otuo Acheampong has said.
Lagos, Nigeria, August 14, 2018//-Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its 4thannual TEF Entrepreneurship Forum.
Lagos, Nigeria, August 14, 2018/ — As part of their shared mission to boost financial inclusion throughout Nigeria, Oradian and the Association of Non Bank Microfinance Institution of Nigeria (ANMFIN) have launched a strategic partnership.
Accra, Ghana, August 14, 2018//-The General Overseer of the International Central Gospel Church (ICGC) and Board Chairman of defunct Capital Bank, Dr. Mensah Otabil, says he is cooperating with the Economic and Organised Crime Office (EOCO) in the investigation leading to the collapse of the bank.
Accra, Ghana, August 13, 2018//- A renowned Ghanaian economist and Professor of the University of Cape Coast, John Gatsi says the liquidity support that Bank of Ghana (BoG) extended to some of the seven collapsed banks is not free money.
Accra, Ghana, August 11, 2018//-The International Central Gospel Church (ICGC) has affirmed its loyalty to its head pastor, Dr. Mensa Otabil, amid controversy over the role he may have played in malfeasance that led to the collapse of Capital Bank.
Accra, Ghana, August 8, 2018//-It has emerged that the Bank of Ghana failed to enforce its regulations in granting licenses and supervising the operations of two local banks, UT and Capital Bank.
The then-Board Chair of the now-defunct Capital Bank Ghana Limited, Dr. Mensa Otabil is suspected to have been party to the misuse of liquidity support given the bank by the Bank of Ghana (BoG), according to an investigative report sighted by Citi news.
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