Audio Attachment: Listen to Chairman Wontumi |
The Ashanti regional Chairman of the New Patriotic Party (NPP) has accused businessman, Ibrahim Mahama of collapsing UT Bank.
Bernard Antwi Boasiako popularly known as Chairman Wontumi noted that the business mogul and younger brother to Ex-President John Dramani Mahama used his 'political links' to secure huge amount of loans from the bank.
“He [Ibrahim Mahama] 'killed' Merchant Bank and UT Bank. He borrowed over $100m from UT Bank,” he alleged on NEAT FM’s morning show dubbed ‘Ghana Montie’ last Friday.
Just last week, Bank of Ghana revoked the license of two commercial banks - UT Bank and Capital Bank.
The action has been triggered by the inability of the two banks to turn around their negative capital adequacy position which has lingered on for some time now.
In simple language terms, the action has been taken against these affected banks due to their 'terrible' financial situation and their inability to perform within the banking industry.
It is believed that the continued encouragement of the operations of these institutions could endanger the banking industry as a whole and hence the action that was taken against them.
Source: King Edward Ambrose Washman Addo/Peacefmonline.com/ Twitter: @Washman5/ Instagram: Washman007
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chairman......you have to expose them. they are the cause of ghana's downfall
Some people think money is everything so they can talk just like that. Example is that Wontumi guy. He talks too much.
This is why i love Chairman Wontumi, he says it as it is. God Bless U. Ibrahim, must face the law. he did same to Merchant bank and now UT. Siaaa man!
Wontumi is right, Ibrahim really caused this nation with his brother the president
stuuuuuuuuuuuuuuuuuuuup fuuuuuuuuuuuuuuuul do u think u can bisect ur stuuuuuuupid month to any degree for lies and insult Ghanaians kwon better now bcos Nana has failed them u want to use this ***barred word*** allegation to cover up. fooooolish talk
people are so ***barred word*** and wontumi is telling them. if they are supposed to lend money to customers with interest are the customers not supposed to pay back? if the customer in question here had paid what he took from the bank all these wouldn't have happened. Ghanaians can talk as if they know every detail of everything. the amoabeng guy is quiet, the day he decided to talk, people will be shocked
I don't know this wontumi guy but he is very right. Unfortunately people don't know the truth. He has spoken the truth. Ibrahim if you had paid the loan UT would not have been in this situation. Have you called the management of UT to apologise? No!
What is happening, in Nigeria and America is a wake up call for Ghana, those countries sold their color TV FOR BLACK AND WHITE ONCE.
gymiii paanie. this guy is a disgrace to chairmanship. I hope and pray that he lose up coming election for a competent person with lead the party. I initially thought he has brains but his recent utterances seems he is suffering from 'kpokpogligli'.
competent Otabil was the board chairman so why blame Mahama, time will vindicate JM, npp should continue with the lies.