The High court has dismissed William Ato Essien’s application for a stay of proceedings pending the determination of an appeal against one of its rulings. Justice Eric Kyei Baffour of the Court of Appeal, who sits as an additional High Court Judge, held that “the prospect of the success of the interlocutory appeal is very […]
IN THE MATTER OF THE BANKS AND SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT, 2016 (ACT 930) AND IN THE MATTER OF THE RECEIVERSHIPS OF THE 347 MICROFINANCE COMPANIES (“MFCs”) AND THE 23 SAVINGS & LOANS AND FINANCE HOUSE COMPANIES (“S&LS”) PRESS RELEASE BY THE RECEIVER, ERIC NANA NIPAH Accra 24 March 2022 My attention has been drawn […]
This report details the assets and liabilities of Heritage Bank Limited as at 4 January 2019 when its licence was revoked by the Bank of Ghana.
This report details the assets and liabilities of UT Bank Limited as at 14 August 2017 when its licence as revoked by the Bank of Ghana.
This report details the assets and liabilities of Premium Bank Limited as at 4 January 2019 when its licence was revoked by the Bank of Ghana.
This report details the assets and liabilities of Capital Bank Limited as at 14 August 2017 when its licence was revoked by the Bank of Ghana.
The Bank of Ghana has forwarded a number of suspected cases of financial crime to the Economic and Organised Crime Office (EOCO) for investigations. They include suspicious request to the Central Bank for payment of large sums of inward remittances that has been withheld by the regulator and requests by receivers for investigations into defunct […]
The Receiver for the collapsed 347 Microfinance Companies (“MFIs”) and the 23 Savings & Companies, Eric Nana Nipah, is in the process of selling another set of landed properties belonging to some of the defunct firms. Mr. Nipah had earlier in March 2021 announced the sale of some of the properties of the affected firms. At the […]
The Founder and Chief Executive Officer (CEO) of defunct Capital Bank, William Ato Essien, has renewed his plea to refund part of the monies he allegedly stole from the bank leading to its insolvency. His lawyers have once again written to the Office of the Attorney General to resume negotiations under Section 35 of the […]
IN THE MATTER OF THE BANKS AND SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT, 2016 (ACT 930) IN THE MATTER OF THE RECEIVERSHIP OF PREMIUM BANK GHANA LIMITED (IN RECEIVERSHIP) AND HERITAGE BANK GHANA LIMITED (IN RECEIVERSHIP) NOTICE TO THE GENERAL PUBLIC SALE OF VEHICLES AND CHATTELS OF PREMIUM BANK GHANA LIMITED (IN RECEIVERSHIP) (“PREMIUM”) AND HERITAGE BANK […]