Celebrities react to collapse of UT and Capital Banks

Some Ghanaian celebrities have taken to social media to express their opinion on the collapse and subsequent takeover of UT and Capital banks.

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Ghanaian celebrities have not been left out. Some of them have taken to social media to express their opinion on the matter.

Rapper M.anifest put up a post saying “when you can’t bank on banks…”

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Rapper Edem on Twitter was worried about the level of confidence lost in Ghanaian owned business.

“Issues like this would continue to make people lose confidence in Ghanaian owned businesses,” he said.

John Dumelo was worried some Ghanaians are trolling both banks and their founders or board members on social media.

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“It's sad to hear about the "collapsing" of UT bank and Capital bank. Both indigenous Ghanaian firms. It's also very sad to see fellow...”

UT Bank and Capital Bank have been taken over by GCB Bank. The licenses of the two banks have also been revoked.

According to the Central Bank, it “revoked the licences of UT Bank Ltd and Capital Bank because of the “severe impairment of their capital.”

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