All persons behind the banking sector crisis would be prosecuted- AG

Persons responsible for the banking crisis will all be prosecuted to recover the money spent on the clean-up of the sector, a Deputy Attorney General (AG) and Minister for Justice, Alfred Tuah Yeboah has said.

William Ato Essien of the defunct Capital Bank is currently awaiting judgment on November 17, 2022.

In addition to him, Michael Nyinaku of the now-defunct Beige Bank was arraigned on Tuesday.


Michael Nyinaku is charged with 43 counts of stealing, fraudulent breach of trust, and money laundering.

These actions follow the revocation of Beige Bank’s license in August 2018.

The receiver’s review of the Bank’s financials following the revocation “identified a number of suspicious and unusual transactions,” according to evidence presented before the Court.

In response, the Deputy Minister stated that more people responsible for the banking sector collapse would be prosecuted.

“The depositors get to be paid by the government. So, we are now in court to prosecute and possibly recover. If you paid an amount of GH¢1.2 billion from the taxpayers money, you will need that money back, and you can get it back if you take a legal action like we have done. I can assure that, there are other cases that we will prosecute to get the monies back”, he said.

By: Rainbowradioonline.com/Ghana

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