Dr Kwabena Duffuor
Dr Kwabena Duffuor
newmont ghana

Senior Vice President of IMANI Africa, Kofi Bentil, has called on the Bank of Ghana to subject itself to the Parliamentary probe into the withdrawal of the banking licenses of uniBank and UT bank.

According to him, evidence on the grounds following the collapse of the banks has proven that the approach used by the Central Bank was problematic.

“What happened has not gone along the lines of what we were told. Clearly, we have not benefitted from the nuclear approach of blowing up these banks and the loss of businesses and jobs associated with it.

“I think nobody should be stopped from speaking up, the issues that are being brought up by Duffuor and others must be listened to and the bank of Ghana should not resist it. I suggest to Parliament to broaden its scope into the matter. There is no law that stops parliament from enquiring into issues in this country and there is no law that puts Bank of Ghana above parliament,” Mr Bentil noted on Newsfile Saturday.

Dr. Kwabena Duffuor who owned unibank and UT Bank’s prince Kofi Amoabeng have petitioned Parliament to probe the withdrawal of their banking licenses by the Central Bank.

Through its lawyers, the Bank of Ghana, among other things explained that the petitioners are only seeking to use Parliament to have its decision reviewed.

The central bank insisted that its decision to revoke the licences of uniBank and UT Bank was taken in accordance with statutory powers it draws from the Banks and Specialised Deposit Taking Institutions (BSDTI) Act, 2016 (Act 930).

“The BSDTI Act provides how persons who are aggrieved with such decisions may seek redress for their grievances, and the prescribed resolution mechanisms do not include recourse to Parliament.”

Source: Ghana/Starrfm.com.gh/103.5FM