Audio Attachment: Listen to Chairman Wontumi |
The Ashanti regional Chairman of the New Patriotic Party (NPP) has accused businessman, Ibrahim Mahama of collapsing UT Bank.
Bernard Antwi Boasiako popularly known as Chairman Wontumi noted that the business mogul and younger brother to Ex-President John Dramani Mahama used his 'political links' to secure huge amount of loans from the bank.
“He [Ibrahim Mahama] 'killed' Merchant Bank and UT Bank. He borrowed over $100m from UT Bank,” he alleged on NEAT FM’s morning show dubbed ‘Ghana Montie’ last Friday.
Just last week, Bank of Ghana revoked the license of two commercial banks - UT Bank 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 against these affected banks due to their 'terrible' financial situation and their inability to perform within the banking industry.
It is believed that the continued encouragement of the operations of these institutions could endanger the banking industry as a whole and hence the action that was taken against them.
Source: King Edward Ambrose Washman Addo/Peacefmonline.com/ Twitter: @Washman5/ Instagram: Washman007
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This one doesn't wash at all, Chairman! Find another route to get at Mr. Ibrahim Mahama, wai!
Please talk like the chairman of my party. You are degenerating. We need jobs; can we talk about job creation?
When prophet Bawumia told Ghanaians during the last election campaign period that the govt. of Mahama's indebtedness to the banks in Ghana was a risk to the banks the NDC jumped on him and condemned him. Now the chickens have come to roost.
you must be ignored from now unwards. i never new ur head is empty like that.
Can someone ask this Wontumi to stop talking? He is embarrassing the party with his display of ignorance. Enough of the Mahama-this-Mahama-that. Management has no excuse for not recovering any loan taken by their customers.
***barred word*** paaa ni. Wontumi speaks like a kid.
IS EX. PREZ MAHAMA THE BOARD CHAIRMAN OR PART OF THE MANAGEMENT
It is only the decision of management and the board of the bank that can collapse a bank not the act of the customers.
The business of every bank is to lend money to customers and charge them interest. That is how they get money to pay salaries to their workers, dividend to shareholders and other payable bills. This is the education that Antwi Bosiako needs.
Mind you, whatever goes up must come down.