Eurostar Limousine CEO Invited By Police For Allegedly Threatening the Life of the Receiver Looking Into uniBank’s Collapse

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The Chief Executive Officer of Eurostar Limousine, Oscar Yao Doe, has been invited by the police to assist with investigations over the collapse of five indigenous banks. Oscar Yao Doe, in a statement released by police, is to report himself to the Ghana Police’s Special Investigations Team looking into the collapse of the banks. READ … Read more

The Approved Banking List — Here’s Bank of Ghana’s List Of Licenced Banks In Ghana

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The public’s confidence in Ghana’s banking sector has been completely destroyed in recent times. From collapsed banks to micro finance companies having to assault customers rather than paying them, it’s a very difficult time for the industry.

Jobs are being lost, people are losing money and worse of all, confidence is crumbling which if not arrested could have a ripple effect on the entire industry.

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“Bank Of Ghana Officials Should Be Arrested” ─ Hon Kennedy Agyapong

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Kennedy Agyapong

Kennedy Ohene Agyapong, Member of Parliament for Assin Central has blamed the officials of the Central Bank of Ghana (BoG) for the collapse of the five indigenous Banks in Ghana.
According to the controversial politician, the officials at the bank of Ghana should be arrested first before any other punishment is given to the managers of the collapsed banks.

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BOG's Decision To Revoke uniBank's Licence Looks Unfair And Politically Motivated — Franklin Cudjoe

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The head of the think tank IMANI Ghana, Franklin Cudjoe, has waded into the issue of the Bank of Ghana’s increasingly fraught decision to revoke the licence of uniBank, which among all the other banks seems to have been dealt with the most unfair of hands.
According to Franklin Cudjoe, examining the facts on the ground makes it clear that the Bank of Ghana are not acting in the best interest of the financial sector as they claim but for their own parochial interests which might be politically motivated.

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Dr Kwabena Duffour Sues Bank Of Ghana Over uniBank Licence Revocation

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Former governor of the Bank of Ghana and majority shareholder of uniBank, Dr Kwabena Duffour, has sued the Bank of Ghana over the recent collapse of uniBank.
In a suit filed at the High Court at Accra, Dr Duffour calls for the Central Bank to invalidate the licence of the Consolidated Bank, which was formed by the BOG to take over the five collapsed banks, including uniBank.

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Shareholders Of uniBank Condemn Leak Of 'Biased' KPMG Report And Demand BOG Provides Them An Official Copy To Adequately Respond To

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The shareholders of uniBank Ghana Limited have issued a statement condemning the leak of the KPMG report upon which the Bank of Ghana took the decision to collapse their bank when they themselves have not been served with a copy despite repeated requests.
The shareholders convey their anger and disappointment at not being given the chance to defend themselves by receiving a copy of the report but are now being tried in the court of public opinion due to the leak.

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LEAKED REPORT EXPOSES BOG — KPMG Admitted Their Report Was One Sided And Not Up To Standard But BOG Used It To Shut Down uniBank Anyway In Pursuit of Their Own Agenda

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Bank of Ghana

The closure of the indigenously owned uniBank continues to raise eyebrows as it becomes increasingly clear that best practices were not followed and that the decision might have had other motivations aside simply saving the financial health of the Ghanaian economy.
As already made clear in an impressive article by Mark Kofi Poku, the Bank of Ghana violated several laws of natural justice in their closure of uniBank, ranging from not taking their side of the story into consideration, refusing to pay the substantial debts the government owed the bank which would on their own have made the bank financially healthy and even failing to take into consideration the fact that the bank procured a loan from an international source which would have saved it as well.

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Rambo-Style Bank Closure: Was The Bank Of Ghana A Prosecutor And A Judge In Its Own Court?

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The recent closure of UniBank and four other banks by the Bank of Ghana (BOG) to form the Consolidated Bank has raised many questions concerning the process undertaken to arrive at the final decision of collapsing these banks.
The BOG gave different reasons for why each bank was deemed a failure and shut down but the haste with which the decision was taken and the failure of the central bank to attempt even the perfunctory of measures to revive the banks involved truly raise questions about the motive behind the decision and whether the BOG acted as a fair arbiter or a biased tyrant.

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Paul Adom-Ochere Fumes That Bank of Ghana Broke the Law in the Revocation of the Licenses of the 5 Banks—What Else Did They Probably Do Illegally?

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The Bank of Ghana recently announced that acting under Act 930, it has revoked the operational licenses of 5 Banks, on grounds specified by the said Act.

The Central Bank on Tuesday, August 1, revoked the licenses of Unibank Ghana, Construction Bank, Sovereign Bank, Royal Bank and Beige Bank to form the Consolidated Bank of Ghana—under two set of grounds.

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Your "God" Only Sees When Celebrities Will Die — KSM Mocks Ghanaian Prophets Amidst Collapse Of Banks

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Kwaku Sintim-Misa

The issue of doom prophecies on the life of Ghanaian celebrities by some Prophets in Ghana has been on the rise since the death of RuffTown records’ Dancehall diva, Ebony.
A lot of self-acclaimed prophets of God have been threatening celebrities with death prophecies, of which none has come to pass.

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Stories About Sale Of unibank And Auctioning Of Shareholder's Assets Untrue

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Certain documents and reports circulating on social media about a supposed takeover of uniBank by another bank and auctioning of the shareholders’ assets ARE ALL NOT TRUE, a source close to Bank of Ghana (BOG) has said.
“uniBank at the moment is under Official Administration by KPMG, who are now playing the role of Management. The Shareholders are supposed to collaborate with them in the process and I have information that they are collaborating very well at this stage,” the source added.

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Davido, M.anifest, Shatta Wale, Tiwa Savage & Falz Officially Named For Ghana Meets Naija 2017

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Empire Entertainment has finally listed the Music acts to headline it’s 7th Edition of Ghana Meets Naija 2017 at an official launch today.

Surprisingly, the official list omits Sarkodie and Tekno as previous reports suggested. Still surprisingly, M.anifest and Nigeria’s ‘Bad Guy’ Falz shows up in the list and they are to face each other during the West African concert.

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