Bank Of Ghana needs time to prosecute financial criminals



Bank Of Ghana needs time to prosecute financial criminals

Private practitioner of legal professions, Ace Annan Ankomah, has called on the Ghanaians to exercise restraint, as the Bank of Ghana ensures that individuals held responsible for the collapse of local banks are punished.

Although he acknowledges the complexity of prosecuting persons involved in white collar crime, he said that sufficient time should be spent on researchers to enable them to do things well enough to ensure that criminals are punished.

Speaking at a Danquah Institute Forum in collaboration with Citi FM on the theme of "The Banking Clean Up, Are Depositors Safe?", the lawyer and member of the anti-corruption group OccupyGhana, compared the situation with the prosecution by Robert Legers of the former lawyer of US President Donald Trump , Michael Cohen, in the recent past. Russia probe, stressing that prosecution in the banking controversy can not be rushed.

"Let's not hurry the Bank of Ghana, I know enough to know that white collar and white collar crime are the most difficult to prosecute.If you make a mistake and lose one, you have lost your module, so what Robert Mueller in the US is doing very slowly, but when he strikes, he registers eighteen charges, knowing that even 1 can do ten years in prison and by the time the jury brings the verdict, at least 8 … So let's let Ghana's Muellers a little space and time, "he said.

The banking sector of Ghana is currently in a crisis about the collapse of seven local banks within 12 months.

Two of the banks, UT and Capital Bank, have been taken over by the GCB Bank of the State.

The five others, Beige Bank, Sovereign Bank, Construction Bank, uniBank and Royal Bank, are all consolidated in the consolidated bank of Ghana.

The decision to lower all banks was mainly because they had all become very insolvent due to various reasons, including bad corporate governance.

While the Bank of Ghana has assured the public that depositors' funds are safe, many have called for the prosecution of persons whose actions led to the collapse of the banks said to have cost the country more than 4 billion GHS.


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Bank Of Ghana needs time to prosecute financial criminals



Bank Of Ghana needs time to prosecute financial criminals

Private practitioner of legal professions, Ace Annan Ankomah, has called on the Ghanaians to exercise restraint, as the Bank of Ghana ensures that individuals held responsible for the collapse of local banks are punished.

Although he acknowledges the complexity of prosecuting persons involved in white collar crime, he said that sufficient time should be spent on researchers to enable them to do things well enough to ensure that criminals are punished.

Speaking at a Danquah Institute Forum in collaboration with Citi FM on the theme of "The Banking Clean Up, Are Depositors Safe?", the lawyer and member of the anti-corruption group OccupyGhana, compared the situation with the prosecution by Robert Legers of the former lawyer of US President Donald Trump , Michael Cohen, in the recent past. Russia probe, stressing that prosecution in the banking controversy can not be rushed.

"Let's not hurry the Bank of Ghana, I know enough to know that white collar and white collar crime are the most difficult to prosecute.If you make a mistake and lose one, you have lost your module, so what Robert Mueller in the US is doing very slowly, but when he strikes, he registers eighteen charges, knowing that even 1 can do ten years in prison and by the time the jury brings the verdict, at least 8 … So let's let Ghana's Muellers a little space and time, "he said.

The banking sector of Ghana is currently in a crisis about the collapse of seven local banks within 12 months.

Two of the banks, UT and Capital Bank, have been taken over by the GCB Bank of the State.

The five others, Beige Bank, Sovereign Bank, Construction Bank, uniBank and Royal Bank, are all consolidated in the consolidated bank of Ghana.

The decision to lower all banks was mainly because they had all become very insolvent due to various reasons, including bad corporate governance.

While the Bank of Ghana has assured the public that depositors' funds are safe, many have called for the prosecution of persons whose actions led to the collapse of the banks said to have cost the country more than 4 billion GHS.


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