The former head of UT Bank, Kofi Amoabeng, has been arrested by the Ghana Police Service over the collapse of his bank. Amoabeng was arraigned before an Accra Circuit Court earlier today to stand trial for the circumstances surrounding the collapse of his bank. READ ALSO: Photo Of Senior Minister Osafo Marfo And His Alleged … Read more
Some of the staff members of the now-defunct Capital and UT Banks, which were subsumed by GCB Bank, are now out of work after the bank laid them off.
The affected staff members were served with their letters of termination earlier this month and were told they would only receive one month’s salary to be kicked to the curb.
Ever since Belinda Nana Ekua Amoah aka Mzbel stepped foot into the music industry, she has always thrived on seemingly useless, foolish and stupid controversies. Her whole package and embodiment in this industry is filthy controversy.
Apart from maybe Aberewa Nana, she is one of the female musicians who were able to rub shoulders with the men in the music industry in the early 2000’s. She has some of the best Hiplife songs any female artist could ever produce.
The aftermath of the collapse of UT Bank and Capital Bank for some of their employees haven’t been the best as most of them are currently struggling to find their feet back in life.
Raymond Dankwa, a deputy manager in the now-defunct Capital Bank now sells grilled pork to make a living after he was fired by the new owners of the bank.
For another time Delay is being accused of editing interviews with her interviewees in a manner that sorts to generate buzz for her show without a feel of how damaging the content will be to her Guests.
According to the latest revelation from MzBel on GhOne Tv, admitting to sleeping with Prince Kofi Amoabeng was a sarcastic response which she later explained in the interview but “unfortunately” that was cut off from the montage for the show that airs on Tv.
The contracts of about a couple thousand workers of the now defunct Capital and UT Banks have been terminated, reports indicate.
The two banks were recently closed down by the Central Bank due to some financial challenges, and one of the biggest questions was about what the eventual fate of their workers.
Ghanaians were shocked Monday when the Bank of Ghana swiftly announced that two Ghanaian banks – Capital Bank and UT Bank – were both insolvent and had been sold to GCB Bank.
The Bank was thus taking over the operations and infrastructure of the two banks, helping save the deposits of customers who would otherwise been in distress had the two banks gone bankrupt.
The management of GCB Bank is set to downsize staff at the two collapsed banks they have taken over, the CEO has announced.
Raymond Sowah, CEO of the state owned entity, said at a press conference Tuesday that they would conduct a skills assessment test on the employees of the two banks, to enable them decide on who to keep and who to let go.
A post going viral online seems to link the collapse of UT Bank to Kofi Amoabeng’s much publicised refusal to pay tithes.
The post is being shared by ecstatic Christians who are making the point that Amoabeng thought he could outsmart God but he couldn’t.
Rapper Edem has expressed concern over the closure of two indigenous banks – UT Bank and Capital Bank.
Writing on twitter, Edem lamented the troubles of the two banks and said such issues make people lose confidence in our local institutions.
The Bank of Ghana has denied reports that some other banks are in similar situations to UT Bank and Capital Bank.
The shut down of the two and their takeover by GCB Bank has sparked questions over whether other local banks are in similar dire straits and might require action by the Central Bank.
Perhaps for the first time in history, something in Ghana is being done at peak efficiency.
The Bank of Ghana announced the liquidation of Capital and UT Banks earlier today, revealing they have now been subsumed by the state owned GCB Bank.
A statement from the Bank of Ghana has announced the closures of UT and Capital Banks and their assimilation into GCB Bank.
The action has become necessary following capital issues with both banks, which led the central bank to step in with this solution.
Bank of Ghana has revoked the operational licenses of UT Bank and Capital Bank “due to severe impairment of their capital,” BOG has said in a statement.
The revocation has led Ghana Commercial Bank (now GCB) to take over both banks.
The statement issued by Bank of Ghana read: “Bank of Ghana has revoked the Licenses of UT Bank Ltd and Capital Bank Ltd. This action has become necessary due to severe impairment of their capital. The remaining assets and liabilities will be realised and settled respectively through a receivership process to be undertaken by Messers Vish Ashiagbor and Eric Nana Nipah of PricewaterhouseCoopers (PwC).
