{"id":411580,"date":"2018-03-21T13:50:01","date_gmt":"2018-03-21T13:50:01","guid":{"rendered":"http:\/\/citifmonline.com\/?p=411580"},"modified":"2018-03-21T14:21:45","modified_gmt":"2018-03-21T14:21:45","slug":"probe-into-ut-capital-banks-collapse-not-complete-elsie-awadzie","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/03\/probe-into-ut-capital-banks-collapse-not-complete-elsie-awadzie\/","title":{"rendered":"Probe into UT, Capital Banks’ collapse not yet complete – Elsie Awadzie"},"content":{"rendered":"
The second deputy Governor of Bank of Ghana, Elsie Awadzie has stated that the Bank of Ghana (BoG) is yet to complete\u00a0investigations to ascertain whether the activities of the top officials of UT Bank and Capital Bank led to the collapse of the two financial institutions.<\/p>\n
According to her, once the takeover of the two banks was confirmed, the BoG immediately began working towards ensuring that the assets of the banks were secure.<\/p>\n
\u201cIn the case of UT Bank and Capital Bank we were winding up those banks and the first order of business was to immediately lay hands on assets to be able to recover value and take them back,\u201d she said.<\/p>\n
She noted that the management of BoG has proceeded to investigate the top management of the banks and would finalize the reports in due time.<\/p>\n
\u201cThe management of the Bank of Ghana stands by its word to complete the investigation. We will definitely get all other institutions involved in following up the result of the investigation and there is no doubt about our commitment to that,\u201d she said.<\/p>\n