- A former employee of UT Bank has recounted on life after the bank’s collapse
- He revealed that he had to resort to driving an uber to fend for his family
- Both UT and Capital Banks collapsed following a takeover by GCB Bank
Edem Adimado, a former employee of UT Bank who served as a bank manager at one of the bank’s branches has recounted how life after the bank’s collapse has treated him and other affected employees of the institution.
Speaking in an interview on Super Morning Show Friday on Accra-based Joy FM, the former employee of the bank recounted had life had become hard after he left the bank.
The father of two revealed that he had to resort to driving an uber to be able to take care of his family. He also revealed that he was refused job opportunities due to his affiliation with the bank.
“I can tell you for a fact that I have been to some interviews and they ask, ‘Why didn’t you do anything to save the bank?’”, he recounted.
According to Edem Adimado, in the months leading up to the collapse of the financial institution, “everything was fine.” He said employees knew that plans had been put in place to raise funds to meet the 400 million cedis minimum capital requirement made by the Bank of Ghana.
In recounting how he finally got to learn about the bank’s collapse, Edem said, “I arrived at work to find the police was there. And that’s when I was told. It was a bombshell. We were aware that [the bank] was fraught with difficulties, but when it happened we were shocked.”
He revealed that when things went out of hand and the takeover was inevitable, he, together with several employees of the bank were laid off and life afterwards has been a great struggle.
Edem indicated that the bank had promised to give the employees who had lost their jobs a severance package but they were yet to receive.
He called on the Bank of Ghana and Ministry of Finance to come to the aid of the workers who have fallen from ‘grace to grass’ since life without employment was not an easy one.
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