The Office of the Special Prosecutor (OSP) has commenced full investigations into the banking and financial sector crisis which triggered the collapse of some banks and financial institutions and the financial sector clean up and recapitalization reforms.
“The investigations target alleged corruption and corruption-related offences perpetrated by officials of the Bank of Ghana, banks, specialized deposit-taking institutions and financial holding companies,” the Special Prosecutor, Kissi Agyebeng stated in a press release on Tuesday, January 25, 2022.
Inviting the members of the public who have knowledge of the” commission of corruption or corruption-related offences” to lodge complaints with the OSP against any official in this regard, Agyebeng assured that “all necessary and reasonable steps shall be taken to protect the safety and welfare of all informers, whistleblowers and witnesses.”
He added that any official found culpable and complicit would be arrested and prosecuted.
The Bank of Ghana revoked the class 1 banking licenses of nine banks during the financial sector clean up. They included UT Bank, Capital Bank, Sovereign Bank, Beige Bank, Premium Bank, The Royal Bank, Heritage Bank, Construction Bank and UniBank.
Six Banks were merged into three banks. They were First Atlantic Merchant Bank Limited and Energy Commercial Bank, OmniBank Ghana Limited and Bank Sahel Sahara Ghana as well as First National Bank and GHL Bank Limited.