- Former employees of two defunct banks, UT and Capital Bank, have threatened to demand their severance packages from government
- According to them, they have been living from hand to mouth as life has become difficult since they lost their jobs
About 1,200 former employees of defunct banks, UT Bank and Capital Bank, have threatened to deal with the government over its failure to pay their severance packages.
Sharing their grievances on Dwaso Nsem, Adom FM’s morning show, on Thursday, November 15, 2018, two of them revealed that they now live from hand to mouth
“We are now dead goats so we will stop at nothing until we get our severance packages; the government should not push us to the wall,” they fumed.
Samuel Enin, former staff of UT bank said he now begs friends and family to feed his family.
“I’m now the woman in the house because I can’t feed my family and my wife has to take over. I’m now a beggar after 14 months,” he bemoaned.
Samuel Obeng Osei, also with UT Bank said the severance package for former staff of both banks amount to “just GH₵40,000” thus could not fathom why the government cannot pay them.
“For the past 14 months, we have been begging and living from hand to mouth; why?” he asked.
The Bank of Ghana revoked the two banks’ licences due to severe impairment of capital on August 14, 2017, and appointed Messrs Vish Ashiagbor and Eric Nana Nipah, both Directors of PwC, as Joint Receivers for the purpose of winding-down the two banks.
GCB Bank was then authorized by the Bank of Ghana to take over management of the defunct banks under a Purchase and Assumption Agreement.
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