Banking crisis: Former deputy BoG governor wanted

Banking crisis: Former deputy BoG governor wanted

- The police are investigating former governor of the central bank

- Dr. Johnson Asiama is reportedly hiding from the police

- He allegedly tried to print money illegally in 2016

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Former deputy governor of the Bank of Ghana, Dr. Johnson Asiama is reportedly on the run because police is on a manhunt for him.

According to DailyGuide online, the former BoG deputy governor is wanted in connection with the banking crisis which led to the collapse of nine commercial banks.

Dr. Asiama has been linked to attempt to print extra money totalling GHC1billion outside the banking system ahead of the 2016 elections.


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The police also say, they are looking for the founder of one of the defunct banks, uniBank, Dr Kwabena Duffuor and his son who was the Chief Executive os the same bank, Dr Kwabena Duffuor Jnr.

The police is alleging Dr. Duffuor and his son have refused to honour an invitation from the police to assist with investigations.

Meanwhile, Republic Financial Holdings Limited and its subsidiary Republic Bank (Ghana) Limited have vehemently denied a claim by the former deputy BoG governor that they committed to buying five of the troubled banks.

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The company says Dr Johnson Asiama’s claims that prior to the 2016 election, they were interested in acquiring then troubled UT and Capital banks was both inaccurate and misleading.

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Republic Bank is committed to upholding the laws of the country and the regulations implemented by Ghana’s regulatory authorities – the Bank of Ghana and the Securities and Exchange Commission – and should the opportunity arise for any acquisition or expansion in the future this will be done in conformity with such laws and regulations,” the financial institution said in a press release

YEN.com.gh earlier reported that Abdul Mumuni, believed to be a National Security operative has been stabbed to death in Awoshie, a suburb in Accra.

According to a Graphiconline report, he was stabbed by his friend Emmanuel Gyeabour, 32. Abdul was accused by his friend, Emmanuel for failing to donate towards the funeral of his late dad.

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Source: Yen News

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