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STATEMENT ON LATEST DEVELOPMENTS CONCERNING COLLAPSE OF UT BANK

  Radio1News has cited a statement signed by the former CEO of defunct UT bank which reveals how emotionally, psychologically and practically disturbed he and other members of the UT are for the last one year. Read full statement below; “The last one year has been a very challenging period …

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We’ll Meet GHC400m Minimum Capital Requirement – Heritage Bank

The management of Heritage Bank has expressed confidence of meeting the December 2018 deadline for the GHS400 million Minimum Capital Requirement (MCR). There are fears more local banks would lose their licence following the collapse of seven banks since August 2017. Two of them – UT Bank and Capital Bank …

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Government Launches New Software To Fight Galamsey

The inter-ministerial task-force on Galamsey has adopted what it calls technology-driven strategies to combat illegal mining. Key among the technologies is a software called Galamstop, which will monitor the activities of illegal miners. Speaking in Accra on Thursday at a forum towards a road-map to lift the ban on small-scale …

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Ban On galamsey Lifted

The Government of Ghana has lifted the ban placed on all small-scale mining activities across the country. This was announced by the Chairman of the Inter-Ministerial Committee on Illegal Mining, Professor Kwabena Frimpong Boateng, who is also Minister for Environment, Science, Technology and Innovation, at a meeting with journalists in …

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How Capital Bank Blew GH¢620m; The Inside Story

It has emerged that Capital Bank collapsed because the bank’s major shareholder and promoter, William Ato Essien, flouted all banking and risk management rules by treating depositors’ funds and public funds as his personal cash. According to a report by Bank of Ghana (BoG) investigative team, Ato Essien, who allegedly …

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Dery Justifies GHC26,000 Expenditure For Private Security

The Interior Ministry has justified spending GHS26,100 on private security. According to the 2016 Auditor General’s report, the Ministry paid the amount to Magnum Force Security Company Limited for providing internal security to the Ministry which could have been easily done by the Ghana Police Service at no cost. The …

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Group Petitions Parliament Over Collapse Of Banks

A Civil Society Group, New Era Africa (NERA) has petitioned parliament to conduct a bi-partisan public enquiry into the recent banking crisis. According to NERA, the cost of seven defunct banks in the past one year will be borne by people of Ghana, hence it will prudent for the people’s …

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We Don’t Need Your Sympathies – Capital Bank Staff Tell Otabil

The General Overseer of the International Central Gospel Church, Pastor Mensa Otabil has incurred the wrath of the staff of defunct Capital Bank for sympathising with them. According to them, at this trying moment, all they need is their severance package not prayers from their Board Chairman. Pastor Otabil broke …

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Government To Lift Ban On Small Scale Mining

The government will on Thursday, 16th August 2018 announce a roadmap for the lifting of the ban on small-scale mining. As part of the government’s effort to ensure sustainable mining and protect the environment, an Inter-Ministerial Committee on Illegal Mining was constituted in March 2017 which was chaired by world-renowned …

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Increase Our Salaries, GHȻ 400 Not Enough – MPs Drivers Petition

A group of Drivers for the Parliamentarians who think their salaries are not enough have petitioned the Speaker of Parliament, Professor Aaron Mike Oquaye, to influence the law makers of our land to increase their salaries for GHȻ 400 is a meagre and can’t cater for themselves and their families. …

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