Counsel for Dr Stephen Opuni, a former Chief Executive of COCOBOD, Samuel Codjoe, has told an Accra High Court that his client will not personally testify, and that they will close their defence. He said as indicated earlier to the court, if satisfied with the evidence of the witnesses, Dr Opuni would exercise his right […]
THE Herald has intercepted incontrovertible evidence that indicate that the Bank of Ghana (BoG) received a cash transfer totalling GHS90 million from the now collapsed Heritage Bank Ghana Limited as minimum capital to help meet the requirements of the licence granted its shareholders. The documents indicated that the money was transferred by Stanbic Bank Ghana […]
The majority shareholder of the now-defunct Heritage Bank Ghana Limited, Mr Seidu Agongo, has bemoaned what he describes as the “sad end” to the indigenous financial institution following news of the scheduled auctioning of the collapsed bank’s assets. Narrating the dream behind setting up HBL, Mr Agongo, in a short write-up, said: “In July 2014, […]
Once, I asked myself: why are the staff of the World Bank and the International Monetary Fund (IMF) so much interested in the wellbeing of countries far away from their homes and the head offices of their employers? Before I could blink, the answer flashed: it is because the world is interconnected. Should those countries […]
The Member of Parliament for Bolgatanga Central constituency in the Upper East Region, Isaac Adongo, is accusing the Bank of Ghana (BoG) of deliberately ‘killing’ Ghanaian owned Heritage Bank, explaining that the action smacks of discrimination. According to him, it is ridiculous for the BoG to collapse Heritage Bank and overlook another indigenous Bank which […]
The defence in the ongoing trial of Dr Stephen Kwabena Opuni, a former Chief Executive of COCOBOD, and Mr Seidu Agongo, the CEO of Agricult Ghana Limited, yesterday suffered yet another major blow when the high court rejected a motion for stay of proceedings filed by Mr Benson Nutsukpui, the lawyer for Mr Seidu Agongo. […]
Story by: Kabutey William Businessman and philanthropist, Seidu Agongo has received a citation from the management of St. Paul’s Lutheran School for adopting and sponsoring 17 pupils there over the past few years. The 17 pupils are among a total of 81 persons the businessman has adopted and catered for, over the last five years […]
Embattled majority shareholder of now defunct Heritage Bank Seidu Agongo has said he is not a novice in the business arena and cannot be pushed around as though he was a common criminal. ‘’I have been in business since 2001 and I have since founded about fifteen (15) entities in areas such as Real Estate, […]
The Bank of Ghana on Friday, 4th January 2019 announced the revocation of the banking licence of Heritage Bank Limited on the following grounds; (1) Suspicions relating to the source of the bank’s capital and matters related therewith including the claim that it was derived from contracts with COCOBOD which were the subject matter of […]
