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Tag Archives: Bank of Ghana

BoG freezes accounts of directors, managers of UT, Capital Banks

The Central Bank has frozen the accounts of key management members of UT and Capital banks, hours after the banks went bust. The Bank of Ghana has explained, the decision is to enable it establish if any suspicious transactions were conducted using those accounts, before the collapse of the two …

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Bank of Ghana withdraws licenses of UT Bank, Capital Bank

Bank of Ghana (BoG) has revoked the license of UT and Capital Bank. The action has been triggered by the inability of the two banks to turn around their negative capital adequacy position which has lingered on for some time now. In simple language terms, the action has been taken …

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