Prosecute those involved in 7 collapsed banks – Christian Council

By Kweku Antwi Jnr
Reverend Dr Cyril G. K. Fayose, General Secretary of the CCG
Reverend Dr Cyril G. K. Fayose, General Secretary of the CCG

The Christian Council of Ghana (CCG) has called on the government and security agencies to as a matter of urgency, arrest and prosecute those whose actions and inactions have led to the collapse of seven local banks in the country.

The Council said it is unacceptable that public funds are used to set up such banks but due to mismanagements, such banks are left to collapse.

The General Secretary of the CCG, Reverend Dr Cyril G. K. Fayose made the call at the 2018 Synod of the Global Evangelical Church in Accra today.

The Bank of Ghana (BoG) merged five banks into a Consolidated Bank of Ghana Limited early this month. The banks are BEIGE, Sovereign, Construction, uniBank and Royal Bank.

Prior to consolidation of this, Capital and UT had also collapsed in August 2017. The closure follows the insolvency of the five banks after investigations by BoG.

 Rev Dr Fayose praised BoG for their quick interventions in ensuring that deposits of customers were safe by consolidating the five banks.

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