Defunct banks: Finance Committee justifies in-camera probe

 


The Chairman of the Finance committee in Parliament, Dr. Mark Assibey-Yeboah, has justified an in-camera parliamentary inquiry in the collapse of seven local banks.

The Finance committee in Parliament has been tasked to investigate circumstances leading to the collapse of the local banks.

These banks are UniBank Ghana, Royal Bank, BEIGE Bank, Sovereign Bank, Construction Bank, Capital Bank, Unibank. 

The in-camera probe has been criticized by many as a waste of time, personnel, and resources.

However, speaking to Ekourba Gyasi on Atinka AM Drive, Chairman for the Finance committee in Parliament, Dr. Mark Assibey-Yeboah mentioned that the Committee on Finance in Parliament is a fact-finding committee.

He mentioned that the 25-member Finance committee will among other things focus on the role Ghana’s Central Bank played in the collapse of these seven banks.

He noted that the committee will also determine to which extent the Central Bank officials are culpable.

According to him, directors and shareholders of the defunct banks will be called to face the committee.

Ghana | Atinkaonline.com | Vivian Adu Boatemaa
 

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