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Tag Archives: banking crises

Kofi Amoabeng faults BoG process of closing banks

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 …

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Mahama admits banks collapse started under his government

Former President John Mahama in 2016 openly admitted that the banking sector under his watch was crumbling due to poor supervision from the Bank of Ghana. In his State of the Nation Address (SONA) in 2016, he told Members of Parliament (MPs) bluntly about how poor supervision was adversely affecting …

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