Chief Executive Officer (CEO) for defunct UT Bank Prince Kofi Amoabeng says he cannot see a clear-cut plan by former President John Dramani Mahama to revive local banks which have now become defunct. The former President of Ghana who is also a leader of the opposition NDC has promised that his government will work at […]
The state has discontinued the case against the founder of now-defunct UT Bank, Prince Kofi Amoateng at the circuit court. Kofi Amoabeng was facing charges of stealing and money laundering following the alleged role he played in the collapse of UT bank. According to the prosecution represented by ASP Emmanuel Nyamekye, they intend to file […]
Former Chief Executive Officer of UT Bank and Prsident of UT Holdings, Prince Kofi Amoabeng has been granted bail in the sum of 110 Million Ghana Cedis. The circuit court, presided over by Justice Essandor granted Mr. Amoabeng bail with two sureties who earn not less than 2 thousand Ghana Cedis. BestNewsGH.com can report that among […]
Information reaching BestNewsGH.com indicate that former Chief Executive Officer of UT Bank and chairman of UT Group of companies, Prince Kofi Amaobeng has been arrested by police in connection with the collapse of UT Bank. BestNewsGH.com is informed Mr. Amoabeng was picked up at his office in the morning of today, Tuesday, January 14, 2020 […]
Workers of erstwhile Capital Bank and UT Bank are appealing to the Bank of Ghana (BoG) to, at least, offer them a 50% discount on the loans they took while working with their respective banks. Their appeal follows information from the Joint Receivers indicating that their exit pay will be paid without any discount on […]
Ex-staff of some banks whose licenses were withdrawn by the Bank of Ghana will be considered for payment in place of the Central Bank “on humanitarian grounds,” the regulator has said. Elsie Addo Awadzi, Deputy BoG Governor said the Central Bank is prepared to waive its second position for the sake of the workers of defunct UT and Capital Banks so that they get some benefits […]
By Selorm GBORBIDZI, Accra Despite assurances by the Minister of Finance, Ken Ofori-Atta that workers of the now defunct UT and Capital Banks would be paid, the workers are still yet to receive their benefits. The workers, who number about 1200, in a press statement signed by the their representatives Phillip Yawson and Raymond Addai […]
The receivers of the collapsed UT Bank have dragged a businessman, Mr Ibrahim Mahama, and four of his companies to court for owing the bank GHS358.8 million. According to court documents, Mr Mahama’s companies owed the bank outstanding loan repayment balance of $35.7 million and GHS189.1 million as of the time the bank’s licence was […]
