The Speaker of Parliament, Prof Mike Oquaye, has ordered Finance
Minister Ken Ofori-Atta to appear before the house on 13 March 2019 to
respond to issues regarding the collapse of UT Bank and Capital Bank.
Mr Ofori-Atta was scheduled to be in parliament on Thursday, 7 March
2019, but could not make it due to an international engagement.
Deputy Majority Leader of Parliament, Sarah Adwoa Safo, explained to the
house that the Finance Minister communicated his apologies to the house
and proposed honouring the invitation on 13 March 2019.
Deputy Minority Leader, James Klutse Avedzi, told the house that the
minister only appears in parliament to present budgets but always finds
excuses to escape from answering questions posed by legislators on
pertinent issues.
Prof Oquaye, therefore, ruled that: “The Honourable Minister of Finance
himself should come and answer the questions in accordance with the date
by his good self”.
The Bank of Ghana (BoG) withdrew the licences of Capital Bank and UT Bank for being illiquid and deficient in capital.
GCB Bank subsequently took over the two struggling banks.
The action was part of moves by the government through the central bank to restructure the banking sector.
Oquaye summons Ofori-Atta over UT, Capital Bank collapse
