Key directors, management of UT and Capital banks prosecuted for criminal offences

Key directors, management of UT and Capital banks prosecuted for criminal offences – EOCO, BoG report

Key Directors and Management staff of UT and Capital banks are being prosecuted for various criminal offences for their complicity in the collapse of banks and financial institutions.

The accused persons are currently being cross-examined by the prosecutors.

This was contained in the latest report on the Bank of Ghana and Economic and Organised Crime Office (EOCO) investigations into the criminal actions of these individuals leading to the collapse of the banks and special deposit-taking institutions.

In an interview with JoyNews, the Executive Director of EOCO, COP Maame Tiwaa Addo Danquah expressed the readiness of the Attorney-General to begin work soon on the matter.

According to her, “the dockets are there and Attorney-General is doing everything possible including giving fiat to our lawyers at EOCO so that they can support, provide the backings to the office of the DPP to start the prosecution.”

Meanwhile, Governor of the Central Bank, Dr. Ernest Addison says they have advanced some 10 million cedis to EOCO for the regulation of the sector.

The EOCO has investigated and forwarded 11 dockets to the Attorney-General’s office. This has been done more than a year ago and I am saying so just to put pressure on the Attorney-General’s Department that these dockets have been with them more than a year ago pursuant to section 19 of the EOCO Organised Crime Act.

Notwithstanding all of this, there is a lot of work waiting to be done with respect to tracing of assert to build concrete investigation to lead to effective prosecution of perpetrators of financial crimes,” he said.

Commenting on that, Madam Tiwaa Addo Danquah said her outfit “is going to provide tailor-made training for our officers because that area of investigation and prosecution is a bit different from the normal prosecution that we do.”

So Mr. Governor, I can assure you that this amount that you are going to give to us will not go waste,” she assured.

Comments

UK-Ghana Trade & Investment Summit: Trade Resource Centre to help businesses maximise UK-Ghana trade opportunities

In a significant boost to UK-Ghana trade and investment relations, the UK-Ghana Chamber of Commerce (UKGCC), in partnership with the UK-Ghana Jobs and Economic Transformation (JET) Programme, has launched the UK-Ghana Trade Resource Centre, a practical market-access platform designed to help businesses identify opportunities, navigate export requirements and build commercial partnerships between Ghana and the United Kingdom. The UK and Ghana enjoy strong trade relations, with total bilateral trade reaching approximately £1.6 billion in the year to Q1 2026. Yet, despite this progress, significant untapped opportunities remain for businesses in both countries. The Trade Resource Centre has been established to help bridge information gaps, connect businesses with the right partners, and support firms to take greater advantage of opportunities under the UK-Ghana Trade Partnership Agreement. The launch formed one of the major outcomes of the UK-Ghana Trade & Investment Summit 2026,...

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican...

NESCAFÉ Launches Real Vibes Text & Win Promo to Reward Coffee Consumers Across Ghana

NESCAFÉ has launched the Real Vibes Text & Win Promo, an exciting consumer promotion designed to reward loyal coffee lovers and bring the brand’s My Coffee, My Vibe experience even closer to consumers across the country. Running from September to December, the promotion gives consumers the opportunity to enjoy their favourite NESCAFÉ coffee while standing a chance to win exciting prizes, including phones, motorcycles, airtime and the ultimate grand prize—an electric SUV. Speaking at the launch, Lily Ntim, Category Development Manager for NESCAFÉ, said the promotion reflects NESCAFÉ’s commitment to creating, rewarding and memorable experiences for consumers. “Today, we are excited to introduce the NESCAFÉ Real Vibes Text & Win Promo, a campaign designed to bring the My Coffee, My Vibe experience even closer to our consumers,” she said. She added that the campaign is not only about prizes, but also about celebrating the everyday moments consumers enjoy with their coffee. “T...

Kofi Ahovi

Search This Blog