Sunday, June 8, 2025
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    Suspect arrested in connection with robbery at Offinso Abofour

    Suspect arrested in connection with robbery at Offinso Abofour

    Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

    Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

    UN Global brand ambassador pledges to support decent work, economic growth for the youth

    UN Global brand ambassador pledges to support decent work, economic growth for the youth

    Ghanaians urged to brace for more rains as peak season approaches

    Ghanaians urged to brace for more rains as peak season approaches

    Three confirmed dead in Adentan flood

    Three confirmed dead in Adentan flood

    Cedi’s 16.7% surge marks major economic turnaround – Ato Forson

    Cedi’s 16.7% surge marks major economic turnaround – Ato Forson

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    Suspect arrested in connection with robbery at Offinso Abofour

    Suspect arrested in connection with robbery at Offinso Abofour

    Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

    Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

    UN Global brand ambassador pledges to support decent work, economic growth for the youth

    UN Global brand ambassador pledges to support decent work, economic growth for the youth

    Ghanaians urged to brace for more rains as peak season approaches

    Ghanaians urged to brace for more rains as peak season approaches

    Three confirmed dead in Adentan flood

    Three confirmed dead in Adentan flood

    Cedi’s 16.7% surge marks major economic turnaround – Ato Forson

    Cedi’s 16.7% surge marks major economic turnaround – Ato Forson

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
No Result
View All Result
Home General News Featured

Special Prosecutor starts investigations into banking and financial sector crisis

Attah Dabone by Attah Dabone
January 25, 2022
in Featured, General News, Local News, Politics, Technology
0
Special Prosecutor starts investigations into banking and financial sector crisis
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Special Prosecutor, Kissi Agyebeng, has commenced investigations into institutions accused of corrupt-related offences during the banking and financial sector crisis.

The investigations target officials of the Bank of Ghana, banks, specialised deposit-taking institutions and financial holding companies whose actions allegedly led to the collapse of some banks and financial institutions following the financial sector clean-up in the country.

In a press statement sighted by MyJoyOnline, Mr Agyebeng noted that: “The Office of the Special Prosecutor (OSP) has commenced full investigations into the banking and financial sector crisis which precipitated the collapse of some banks and financial institutions and the financial sector clean up and recapitalisation reforms.”

To bolster investigations, the OSP has entreated members of the general public with knowledge of any corrupt activities carried out by any of the accused to lodge their complaints.

OSP-PRESS-RELEASE-1Download

According to the Special Prosecutor, “all necessary and reasonable steps shall be taken to protect the safety and welfare of all informers, whistleblowers and witnesses.”

Meanwhile, the Office of the Special Prosecutor has given the assurance that any individual or institution found complicit will be arrested and prosecuted.

Financial sector clean up

In 2017, the Akufo-Addo-led government implemented the financial sector clean-up initiative to prevent the financial sector from collapsing.

This followed an asset quality review in 2015 and 2016 by the Bank of Ghana. The report noted that there were severe challenges with solvency, liquidity and asset quality in the country’s banking industry.

YOU MAY ALSO LIKE :  16 GIJ students awarded scholarships by Lebanese Community in Ghana

According to reports, about nine banks, 23 savings and loans companies, 386 microfinance companies and 53 fund management institutions were collapsed.

Many employees lost their jobs due to the financial sector clean-up.

Vice-President Dr Mahamudu Bawumia justified government’s actions, insisting that the decision to clean the banking sector was painful but very necessary.

The Vice President, speaking at the Industrial and Commercial Workers Union’s 11th Quadrennial Delegates Conference at the University of Professional Studies, Accra (UPSA) held last year likened the issue to cancer in the throat that needed to be cut off to avert further spread of the cancerous cells.

“We had a situation where you had cancer and it is in your throat and if you don’t cut it off, it’s gonna spread and we had to cut it off. “In the end, we saved the banking system and the bigger financial system and safeguarded the hard-earned lifetime investments of 4.6 million depositors many of whom are workers.

We would have had a collapse and this economy would not have recovered that easily if everybody lost their savings in the bank,” he said.

Share this:

  • Facebook
  • Twitter
Previous Post

Video: Motorcycle rider refutes Police claim on Explosion, says he did not collide with truck

Next Post

Videos of Africa Cup of Nations: Deadly crush reported at Cameroon stadium

Attah Dabone

Attah Dabone

Next Post
Videos of Africa Cup of Nations: Deadly crush reported at Cameroon stadium

Videos of Africa Cup of Nations: Deadly crush reported at Cameroon stadium

READ - FROM OTHER CATEGORIES

SUGGESTED - FOR YOU

  • All
  • Politics
  • Voice Business
  • Voice Entertainment
  • Health
  • Technology
Suspect arrested in connection with robbery at Offinso Abofour

Suspect arrested in connection with robbery at Offinso Abofour

May 29, 2025
Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

May 29, 2025
UN Global brand ambassador pledges to support decent work, economic growth for the youth

UN Global brand ambassador pledges to support decent work, economic growth for the youth

May 19, 2025
Ghanaians urged to brace for more rains as peak season approaches

Ghanaians urged to brace for more rains as peak season approaches

May 19, 2025
Three confirmed dead in Adentan flood

Three confirmed dead in Adentan flood

May 19, 2025

EDITOR'S PICKS

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

by Attah Dabone
September 11, 2023
0

Ghanaian rapper and songwriter, Sarkodie said he missed his event in Detroit due to Delta

Plot to remove IGP: Dampare to appear before committee on September 12

Plot to remove IGP: Dampare to appear before committee on September 12

by Attah Dabone
September 11, 2023
0

Chairman of the ad-hoc committee probing the leaked plot to remove IGP, Samuel Atta Akyea has

Tema Motorway bridge closes for repair works

Tema Motorway bridge closes for repair works

by Attah Dabone
September 7, 2023
0

The Tema Motorway Bridge that connects Community 18 to Borteyman will be closed to traffic from Sunday,

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

by Attah Dabone
September 7, 2023
0

The Wenchi Municipal Directorate of the Ghana Education Service (GES) in the Bono Region has

Car stolen from a driveway in Canada found in Ghana

Car stolen from a driveway in Canada found in Ghana

by Attah Dabone
September 7, 2023
0

In an astonishing turn of events, a car stolen from a Toronto driveway in Canada

Be transparent in limited voter registration exercise – Mahama tells EC

by Attah Dabone
September 6, 2023
0

Former President John Dramani Mahama has asked the Electoral Commission (EC) to be fair in

NPP flagbearer race: Ghanaians react to Alan’s withdrawal

by Attah Dabone
September 6, 2023
0

Former Trade Minister, Alan Kwadwo Kyerematen’s withdrawal from New Patriotic Party’s (NPP) presidential race has sparked reactions

VOICE NEWS - ARCHIVE

Latest News Trending

Suspect arrested in connection with robbery at Offinso Abofour

Suspect arrested in connection with robbery at Offinso Abofour

by Attah Dabone
May 29, 2025
0

Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

by Attah Dabone
May 29, 2025
0

UN Global brand ambassador pledges to support decent work, economic growth for the youth

UN Global brand ambassador pledges to support decent work, economic growth for the youth

by Attah Dabone
May 19, 2025
0

Featured News

Suspect arrested in connection with robbery at Offinso Abofour

Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

UN Global brand ambassador pledges to support decent work, economic growth for the youth

Ghanaians urged to brace for more rains as peak season approaches

Three confirmed dead in Adentan flood

Cedi’s 16.7% surge marks major economic turnaround – Ato Forson

6-year-old boy feared drowned after heavy rainfall in Dunkwa

  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.

No Result
View All Result
  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.