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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WHY DO PEOPLE TAKE THIS WONTUMI GUY SERIOUS. IT IS ONLY BLOCK HEEAADED NPP WILL TAKE THIS FOOOL SERIOUS AND EVEN GO THE EXTENT OF ELECTING HIM AS THEIR CHAIRMAN. WHEN THIS TWO PARTIES WERE USING ALL THEIR MONIES TO SPONSOR NPP CAMPAIGN WHEN WAS THIS WONTUMI GUY. THE TAKE OVER IS JUST A WAY OF PAYING BACK THE BANK OWNERS. PERIOD.
Otabil wasn't the board chairman of UT, he was and maybe still is for Capital bank and not UT bank. Ghana!! Wicked people, you betrayed your own akyem brother and where you attend church.
I tell you, this is the tip of the iceberg. NPP gurus are also part of it
WHAT GHANAIANS FAIL TO REALISE IS THAT THESE MUSLIMS WHEN THEY GAIN POSITION OF AUTHORITY EXPECIALLY AFFAIRS OF STATE IN THEIR HANDS,THEY THINK ALL THE NATURAL RESOURCES OF THE STATE BELONGS TO THEM AND THEIR FAMILIES.HAVE WE FORGOTTEN SADDAM HUSSEIN AND MUAMMAR QADDAFI SO SOON?
hi ATTENTION TO ALL GHANA PEOPLE , ghana people voted for nana addo to collect all stolen monies, houses and cars for them, , but it seems nana addo cant do that, ghana people were starving under mahama and his executive n,d,c and voted for change but it looks like their now more hungry , poorer, so if nana cant solve the problem he should resign now and let the people take over the country and collect them monies themselves, ( WE SHALL COLLECT ALL THE $50 BILLION DOLLARS LOANS THAT IS STOLEN FROM GHANA FOR THE PAST 30 YEARS,), all monies looted by john mahama and his families and n,d,c executive will be collected by ghana people,that is why we voted nana to come and collect the monies for them,ghana people did not vote for nana addo for them to be poor and suffer, so nana addo must collect the monies now or sign,from ghhana people,
if this is true the fmr prez mahama and his bro have destroyed ghana. fmr prez mahama destroyed ghana's health insurance and his bro has also destroyed UT BANK. THESE PEOPLE ARE REAL 'NATION WRECKERS'.
The idiocy that emanates from Kumasi.
Hmmmm
Chairman Wontumi hits the nail right on the head.For all you know this is the tip of the iceberg.
ibrahim mahama and his brother are the enemies of this lovely country. good one there wontumi