Merchant Bank director resigns

Read Article

Comments (14)

This article is closed for comments.

Read Comments Comments (14)

NANA USED BAWUMIA 10 years ago

Since the chairperson was involved with the bank since July 2009 she may have been part of the mess. How come the bank put over 80% of its debts in the hands of 20 companies and over GHC71.8million in loans to 3 companies? Ha ...
read full comment

Since the chairperson was involved with the bank since July 2009 she may have been part of the mess. How come the bank put over 80% of its debts in the hands of 20 companies and over GHC71.8million in loans to 3 companies? Have the management of the bank heard of spreading risks in order to be risk-averse to avoid systemic insolvency? I can't imagine that well educated finance professional run this bank. Even a finance undergraduate should do better. Ghana is in big trouble.
Sumanguuru 10 years ago

Which three companies owe 71.8 million?

Which three companies owe 71.8 million?
Tanko 10 years ago

Good question. Provide the names of the 3 companies!! This MD must be tried for gross mismanagement.

Good question. Provide the names of the 3 companies!! This MD must be tried for gross mismanagement.
MP 10 years ago

Your presisident's brother owns one of the three companies who own over 80% of the bank assets. The last thing this Mahama and his family is going to do is to sell the entire country to his foreign business counterparts .

Your presisident's brother owns one of the three companies who own over 80% of the bank assets. The last thing this Mahama and his family is going to do is to sell the entire country to his foreign business counterparts .
Tanko 10 years ago

The leaders of the 3 companies that brought down this bank must also face prosecution. We should not tolerate this nonsense. Looting by the "so-called learned" is more dangerous than by the man on the street.

The leaders of the 3 companies that brought down this bank must also face prosecution. We should not tolerate this nonsense. Looting by the "so-called learned" is more dangerous than by the man on the street.
J.C ROLS 10 years ago

You get it wrong .She inherited the problem and her attempts to handle it became a problem.This is why the right Ghanaians literally run away from public service.My heart bleeds for my country.The story is public knowledge an ...
read full comment

You get it wrong .She inherited the problem and her attempts to handle it became a problem.This is why the right Ghanaians literally run away from public service.My heart bleeds for my country.The story is public knowledge and Ghanaians know
LANDITO 10 years ago

Have you soo soon fogetten the amount being borrowed by His excelency President John Dramani Mahama's brother?Ghaniain wise up. you don't need to be told. Time will tell!

Have you soo soon fogetten the amount being borrowed by His excelency President John Dramani Mahama's brother?Ghaniain wise up. you don't need to be told. Time will tell!
JJKA 10 years ago

FINALLY A PERSON WITH INTEGRITY AND STRONG ENOUGH TO RESIGN ON PRINCIPLE. THE QUESTION TO ASK IS WHO APPROVED THE LOANS THAT HAVE CAUSED THE MESS AT THE BANK, WHICH COMPANIES ARE DEFAULTING AND THEN DEAL WITH THOSE COMPANIES ...
read full comment

FINALLY A PERSON WITH INTEGRITY AND STRONG ENOUGH TO RESIGN ON PRINCIPLE. THE QUESTION TO ASK IS WHO APPROVED THE LOANS THAT HAVE CAUSED THE MESS AT THE BANK, WHICH COMPANIES ARE DEFAULTING AND THEN DEAL WITH THOSE COMPANIES AND PERSONS
Mankwa 10 years ago

WHY SHOULD PRESIDENT MAHAMA COVER AND PROTECT HIS BROTHER WHO FLIES AROUND IN PRIVATE JETS AND FANCY CARS AND THROWS HIS WEIGHT ALL OVER TOWN GET AWAY WITH NOT PAYING HIS DEBTS TO THE BANK AND PEOPLE HE OWES. WOULD ANY OTHER ...
read full comment

WHY SHOULD PRESIDENT MAHAMA COVER AND PROTECT HIS BROTHER WHO FLIES AROUND IN PRIVATE JETS AND FANCY CARS AND THROWS HIS WEIGHT ALL OVER TOWN GET AWAY WITH NOT PAYING HIS DEBTS TO THE BANK AND PEOPLE HE OWES. WOULD ANY OTHER COMPANY OR PERSON GET AWAY WITH THIS. THIS HAS TO STOP AND THE MONEY MSUT BE PAID BACK BY IBRAHIM.
Papa Paris 10 years ago

we hear the president's brother has done the same thing at ADB!

we hear the president's brother has done the same thing at ADB!
WC 10 years ago

Who put the MD at ADB ??!! Then you will know why next bank will be ADB for the brother

Who put the MD at ADB ??!! Then you will know why next bank will be ADB for the brother
nicman@atl 10 years ago

how do you give most of your capital to 3 creditors, then you will have to run 75% of their business for them. this was what happened in ghana co-operative bank , bank for housing and GCb. only GCB made it out because of asse ...
read full comment

how do you give most of your capital to 3 creditors, then you will have to run 75% of their business for them. this was what happened in ghana co-operative bank , bank for housing and GCb. only GCB made it out because of assets the two bank YAMUTU with over 800 jobs. Ghanaians never learn but only intensify their prayers
GbagbladzaV 10 years ago

She is trying to be smart. She has seen the signs and decided to jump the boat quickly before she is shoved off

She is trying to be smart. She has seen the signs and decided to jump the boat quickly before she is shoved off
Victor 10 years ago

This is not ordinary resignation . Go deeper to know why and you will realize it stinks up to the doorstep of Ibrahim and others, the president's brother!

This is not ordinary resignation . Go deeper to know why and you will realize it stinks up to the doorstep of Ibrahim and others, the president's brother!

Merchant Bank director resigns

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (14)

Read Comments Comments (14)