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Tag Archives: UT

Severance packages for former workers of UT, Capital banks to delay

Vish Ashiagbor - Country Senior Partner for PwC

Perhaps former workers of defunct UT and Capital banks seeking their severance packages may have to wait a bit longer as the receiver of the agreement, continues its work. The workers argue that the development has affected them negatively and therefore want a swift action on their requests. But information from the receivers indicates that this may not happen anytime ...

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uniBank takeover : BoG rules out new negotiation with bank

unibank_2

The Bank of Ghana has ruled out any plans to negotiate with the old management of uniBank, to hand over the bank, before KPMG completes its six months’ mandate. The BOG, believes the old management of uniBank was given enough opportunities to turn the fortunes of the bank around but failed. The Bank of Ghana last week appointed an administrator ...

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PwC asked to clarify jobs termination at UT, Capital banks

ut capital

Some labour analysts are demanding clarity from Price Waterhouse Coopers (PwC) in the decision to terminate the contract of employees of defunct UT and Capital banks. They argue that the terms indicated in the termination letters served the employees of the two banks may be short of the labour law which protects the interest of employees in cases of insolvency. ...

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The fate of UT and Capital banks’ shareholders (Article)

Capital-Bank- RIP600x330

The breaking news that shocked the banking system on Monday, 14th August 2017, has left a lot of questions on the minds of many and I ask what happens to the employees and the shareholders of these two collapsed banks? As many in the public are really worried and uncertain about the effects of the collapse of UT and Capital ...

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More banks risk collapse over high power cost – Economist

Dr. Charles Ackah

Ghana’s financial sector should brace itself for more banks collapse should the high cost of power continue unresolved. This is the assertion of Economist, Dr. Charles Ackah. Dr. Ackah who is also a Senior Research Fellow at the Institute of Statistical, Social and Economic Research (ISSER) argues that the high cost of power in Ghana has increased the cost of ...

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Collapse of UT and Capital banks – A case of a collective national failure (Article)

ut capital

As an entrepreneur who appreciates the challenges to surmount in order to build flourishing businesses with positive ramifications for society, the collapse of UT and Capital Banks can only be seen as a reflection of our respective individual negative traits, deficient national character and  the weak state institutions coupled with our ineffective educational system. The collapse of these banks obviously ...

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BoG to commission audit into UT, Capital banks’ operations

ut capital

The Bank of Ghana is to commission a team of auditors into the operations of UT and Capital Banks as it investigates the circumstances surrounding the collapse of the two banks. This is to follow an approval from the Public Procurement Authority as the central bank is resorting to sole sourcing in the selection of the requisite professionals. Governor of ...

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