Comments on: Solve ‘non-collateral loans’ allegations internally – Nana Otuo to GCB Bank https://citifmonline.com/2016/09/solve-non-collateral-loans-allegations-internally-nana-otuo-to-gcb-bank/ Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz Sun, 25 Sep 2016 15:49:00 +0000 hourly 1 https://wordpress.org/?v=6.0.8 By: S. Bediako-Asante https://citifmonline.com/2016/09/solve-non-collateral-loans-allegations-internally-nana-otuo-to-gcb-bank/#comment-2910 Sun, 25 Sep 2016 15:49:00 +0000 http://citifmonline.com/?p=251225#comment-2910 Indeed this is an internal matter which the Bank must resolve by itself. But it seems there is some lack of trust, transparency, and power struggle somewhere within the Bank, otherwise this wouldn’t have come into the public domain.

It’s good that the Bank of Ghana has started investigation into the matter, and the soonest this is resolved the better.

The position of the Board Chairman is NOT an Executive one, and therefore the Chairman must be made to understand his position as such, and not to meddle in the day-to-day affairs of the Bank.

He should also be made to stand down as the Chairman of the Board’s subcommittee on Credits, a very bad precedence by past Chairmen, which SHOULD NOT BE FOLLOWED. Another competent Board member should take over immediately; which will be in line with good corporate governance.

]]> By: S. Bediako-Asante https://citifmonline.com/2016/09/solve-non-collateral-loans-allegations-internally-nana-otuo-to-gcb-bank/#comment-3620 Sun, 25 Sep 2016 15:49:00 +0000 http://citifmonline.com/?p=251225#comment-3620 Indeed this is an internal matter which the Bank must resolve by itself. But it seems there is some lack of trust, transparency, and power struggle somewhere within the Bank, otherwise this wouldn’t have come into the public domain.

It’s good that the Bank of Ghana has started investigation into the matter, and the soonest this is resolved the better.

The position of the Board Chairman is NOT an Executive one, and therefore the Chairman must be made to understand his position as such, and not to meddle in the day-to-day affairs of the Bank.

He should also be made to stand down as the Chairman of the Board’s subcommittee on Credits, a very bad precedence by past Chairmen, which SHOULD NOT BE FOLLOWED. Another competent Board member should take over immediately; which will be in line with good corporate governance.

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