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Tag Archives: UT Bank

GCB Sacks Over 1000 Workers of UT Bank And Capital Bank

The receiver of GCB Bank’s purchase of UT and Capital Banks, Price Waterhouse Coopers (PwC) has commenced issuing letters to staff of the two defunct banks terminating their employment contracts with the two banks. Information available to Citi Business News indicates that the letters are being served to all employees …

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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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