Collapse of banks: EOCO on heels of BoG officials

Share this

The Senior Minister, Yaw Osafo Maafo has revealed that the Economic and Organised Crime Office (EOCO) is on the heels of officials of the Bank of Ghana who are suspected to have played one role or the other leading to the collapse of the seven indigenous banks.

According to him, the public perception that nothing is being done to hold those whose actions and inactions led to the collapse of the banks was not true and that EOCO has been engaging the said officials behind the scenes.

‘’EOCO has invited and is still inviting them to their office and investigations are still ongoing. So nobody should think that government has gone to sleep over the matter. We are working hard at dealing with those who caused this matter. Ghanaians should rest assured that they will not go free’’ he assured on Accra based Peace Fm and monitored by

On the issue of government borrowing above roof levels, the Senior Minister opined that the most critical question Ghanaians ought to be asking is whether the monies are used for the purpose for which they were contracted.

‘’It is the responsibility of every Ghanaian to ask for accountability to ensure that the monies are being used for the right purpose. Even the special prosecutor must take a keen interest in this matter so that he will ensure that the monies are not diverted. That is how we should approach this issue’’ he said.


Share this

Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.