Former NDC MP George Loh has faulted the Bank of Ghana for the manner in which two struggling privately-owned banks were taken over by the state-owned GCB Bank.

He said springing a surprise on the customers of UT and Capital banks was unnecesary and could have caused the death of some customers.

Mr Loh defended the Minority's call for a bipartisan probe into the circumstances leading to the collapse of two Ghanaian-owned banks.

He argued the call was important because the Bank of Ghana could not be trusted to get to the bottom of the factors that led the central bank to withdraw the license of UT and Capital banks.

The leading NDC member in the Volta region said the Bank of Ghana could find itself in a conflict of interest situation if it went ahead to look into the matter.

His claim is that a member of the Board of the central bank Mrs Comfort Ocran, is the wife of ICGC senior pastor Albert Ocran whose church had shares in the collapsed Capital bank.

Pastor Albert and Comfort Ocran

International Gospel Church (ICGC), represented by its founder Dr Mensa Otabil, had 3% of Capital bank shares before the BoG announced the withdrawal of its licence Monday.

"When you have the wife of the senior pastor of the church on the Bank of Ghana board and today BoG is saying they are going to investigate these things for me that is a problem".

"Clearly you are putting the person (Mrs. Ocran) in a (possible) conflict of interest [situation]," he claimed.  

He wondered why the Finance minister Ken Ofori-Atta would appoint Mrs Ocran to the Bank of Ghana Board when her husband's church has a direct banking interest.

"Was the minister on top of his job when they were making the composition of boards at BoG?" George Loh went on.

 

<iframe width="100%" height="190" frameborder="no" scrolling="no" src="https://myjoyonline.com/ghana-media/audio_share.php?audio3=http://zeno-devlab.s3.amazonaws.com/media/35036/599828b8010100dd286f2d16/comfort+conflict.mp3&title=Former NDC MP: ICGC pastor" s="" wife="" in="" conflict="" of="" interest="" over="" capital="" bank="" collapse&date="19th" august,="" 2017'=""></p></body></html>