ASEPA descends on Kennedy Agyapong; says he is behind collapse of Heritage Bank
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ASEPA descends on Kennedy Agyapong; says he is behind collapse of Heritage Bank

Governance think-tank, Alliance for Social Equity, and Public Accountability (ASEPA) is alleging Heritage Bank Ghana Limited was deliberately targeted in the banking sector clean-up by the Bank of Ghana.

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According to the Executive Director of ASEPA, Mr. Mensah Thompson, NPP MP for Assin Central, Kennedy Agyapong is peddling falsehood about collapse Heritage Bank.

ASEPA in a statement signed by Mr. Mensah Thompson said the MP cannot sit on his NET2 TV station and change facts about the collapse of Heritage Bank.

ASEPA descends on Kennedy Agyapong; says he is behind collapse of Heritage Bank

Heritage Bank is one of the banks that collapsed following the cleanup by the central bank. Source:
Source: UGC

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ASEPA claims that the lawmaker and two of his protégés have alleged that the majority shareholder of Heritage Bank, Mr Seidu Agongo, had dribbled the Bank of Ghana by recycling nonexistent funds into deceiving the regulator as having met the minimum capital requirement at the time.

But ASEPA opined in its statement that the assertions by Mr. Agyapong and his protégés is the highest show of ignorance.

It added: “As a form of education to Ken Agyapong, his sorry mentees and the other hypocrites, nobody can use nonexistent capital or funds to start and therefore capitalise a bank. This is especially so when some of those funds are needed to rent and or procure fixed infrastructure such as buildings, office furniture, ICT equipment, and software, among others for the start of the bank”.

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Perhaps, it is needless to say that Ken Agyapong's recent outbursts is a well-staged attempt to white-wash the evil deeds of a partisan Governor of the Bank of Ghana, a cruel Minister of Finance and a treacherous President, who presided over what is the single most cruel act of destruction any government has ever perpetrated on its indigenous businessmen,” Mr Thompson said. earlier reported that the flagbearer of the National Democratic Congress (NDC), John Dramani Mahama introduced his running mate, Prof. Naana Jane Opoku Agyemang to the Christian Council on Wednesday, August 12, 2020.

At the event, the former president charged that clergy to take action against what he described as politicization of state institutions by President Nana Akufo-Addo.

He noted that the country cannot sit down as the country “slips towards decadence”.

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Source: Yen

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