Local News :

Home   >   News   >   General News   >   201311
Minority Slams Sale Of Merchant Bank
<< Prev  |  Next >>
Comments ( 0 )     Email    Print
Related Stories
The Minority Caucus in Parliament has asked government to stop what it termed the fraudulent sale of Merchant Bank to Fortiz Equity Fund Limited.

According to the Caucus, due diligence was not done in the sale of the Bank to the Fortiz which has no experience in banking.

The MP for New Juaben South and Member of the Finance Committee of Parliament, Dr Mark Assibey-Yeboah echoed the sentiment at a news conference in Parliament on Thursday.

Dr Mark Assibey-Yeboah also said the Fortiz deal raises more unanswered questions.

The MP for Old Tafo and Ranking member on the Finance Committee, Dr Anthony Akoto-Osei said the Minority is not against the sale of the Bank to a Ghanaian company but is averse to the terms and conditions considered in handing over the bank to Fortiz.
Source: GBC

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.