ADVERTISEMENT
BOST Board Chair steps down over Sovereign Bank collapse
In a letter addressed to the Energy Minister, Mr Kyei said that he has decided to resign due to the media uproar following the collapse of the 5 banks.
“In view of the recent developments relating to my association with the purchase and assumption of Sovereign Bank, and the resulting unfortunate furore in the media I have decided to voluntarily step down as Chairman/Member of the Board of BOST for the time being.”
ADVERTISEMENT
The Sovereign Bank was one of five which were merged into Consolidated Bank Ghana over regulatory breaches.
Mr Kyei resigned as the Board Chairman of the defunct Sovereign Bank prior to the revocation of its license by the Bank of Ghana.
Mr Kyei assumed the position of the chairman of the board of BOST in September 2017 but he came under pressure to resign following the scandal which hit Sovereign Bank.
Below is his full resignation letter:
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
NPP is no longer an attractive party for Ghanaians – A Plus
Ghanaian soldier in US army convicted of smuggling guns in blue barrels
Toddler attacked by dog battles for survival, needs GHC2,700 weekly for treatment
We’ve not cancelled surgeries because of dumsor – Korle Bu Teaching Hospital
Use generators whenever there's dumsor — Okoe-Boye recommends to hospitals
Ejisu by-election: Voting commences
NDC accuses Nana Addo of attempting to cover-up corruption in KPMG report on SML deal
Bible miraculously survives as fuel tanker catches fire on Accra-Kumasi Highway