We have begun bringing perpetrators of the banking crisis to justice
that is coming from president Akufo-Addo.
According to president Akufo-Addo, his government is
committed to bringing those responsible for the banking crisis to justice.
President Akufo-Addo explained that there is an ongoing court
case and when the legal system finds persons guilty, they will be taken head on.
“We have one case in court and if prima facie evidence of
criminality is found in the other angle during investigation which according to
my information is likely, then the perpetrators of the crisis being both
regulators and individuals will face justice soon”.
President Akufo-Addo made these statements while addressing
participants at the 71st annual New Year School and conference at the
University of Ghana.
Akufo-Addo bemoaned the painful but necessary move to salvage
the country’s banking sector.
He expressed that government has spent a 12.7 billion cedis
of taxpayer’s money on the nine collapsed indigenous banks and micro finance
institutions in the country.
The decision, President Nana Akufo-Addo justified stating the
amount injected into those banks, has safeguarded depositors’ money and
minimized job losses.
While addressing addressing the New Year School, news broke
on the former CEO of defunct Beige Bank, Michael Nyinaku, and former CEO of
defunct UT Bank, Prince Kofi Amoabeng being arraigned on charges of Stealing
and Money Laundering in relation to the banking crisis. They both pleaded not
guilty before Circuit Court Judge Emmanuel Essandoh. Hearing has been adjourned
to the 22nd of January 2020.
The
New Year School and Conference
The School of Continuing and Distance Education under the
University of Ghana has successfully organized the Annual New Year School and
Conference (ANYSC) for the past 70 years.
The Annual New Year School and Conference is an annual forum
where issues of national interest and concern are discussed, based on a
selected theme with sub-themes. It serves as a platform that brings together
Ministers of State, captains of industry, various union leaders and
participants from all walks of life to deliberate on issues of national
interest and make recommendations that will shape policy.
At the end of every School and Conference, a Communique is
issued based on recommendations of participants and discussants. This has
informed some policy decisions and directions in the country.
