Prosecute former BoG boss Kofi Wampah over banking crisis - NPP man

A communicator of the ruling New Patriotic Party (NPP), Francis Annom Boateng, has said former Governor of the Bank of Ghana, Dr. Henry Kofi Wampah and other Directors should be arrested for mismanagement of the economy during their era which led to the collapsed banks and revocation of licenses of some 15 savings and loans companies.

Dr Henry Kofi Wampah

According to him, the facts available to him suggest that the collapse of the banks can be traced to the era of Kofi Wampah as the Governor of the Central Bank.

"The former Governors of the Bank of Ghana, Dr. Henry Kofi Wampah and Dr. Abdul Nasiru must be prosecuted for the mismanagement of the banking sector under the erstwhile John Dramani Mahama administration," he said on Accra-based Kingdom FM.

"I also want to place on record that all those found culpable in this matter ie staff of BoG or directors of the closed banks should be prosecuted because the amount of money that we hear has gone into bailing out of these banks could be used for a lot of social interventions in this country," he stated.

The NPP communicator affectionately called Fransoa weighed into the crisis at the banking sector calling on the Attorney General to prosecute officials culpable in the scandal.

Additionally, he called on the state security institutions to conduct further investigations beyond what the Central Bank has done and prosecute all persons who may be implicated to deter others.

In 2017, the Central Bank embarked on a massive clean-up exercise in the sector which led to the revocation of the licenses of some nine banks including the Beige Bank and UT Bank.

Meanwhile, the Bank of Ghana has said it has presented the names of persons responsible for the collapse of the five banks to the Economic and Organized Crime Office (EOCO) for investigations as the new receiver starts work.

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