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25-Nov-2019 03:50

How Bo G’s weak supervision resulted in Capital, UT Banks’ collapse 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 report, available to indicated that the Bank of Ghana was complicit in the wrongful issuance of banking license to Capital Bank.In 2017 also, the central bank revoked the licences of UT and Capital Banks because the liabilities of the two banks overwhelmed their assets. Bokpin said he was not surprised at the current turn of events because the central bank had failed in its due care in terms of regulations. They (Bo G) have given us the cause to blame them justifiably so.There is enough admission in their own statement about the lapses that were orchestrated from the central bank of point of view and therefore they can not to say or portray that they are innocent in this matter”. Bokpin who is also the Head of the Finance Department at the University of Ghana Business School revealed that given the magnitude of the transactions and the interrelated parties involved in the deals, it would have been strange for the central bank to say it knew nothing about it.Once you whitelisted our website, you will stream yourself instantly to other people.

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