Ghana
Ghana’s ex-finance minister Dr. Kwabena Duffour was on Wednesday charged by an Accra High Court for alleged crimes, leading to collapse of one of the nation’s biggest local lenders during a banking crisis.
He is accused of receiving 122 million dollars “knowing that it had been obtained by means of a criminal offense”, among other charges, according to court document.
Dr. Duffuor, founded now defunct Unibank Ghana Ltd, and was former Governor of the Bank of Ghana from 1997 to 2001.
Unibank was declared insolvent in August 2018 after shareholders and related parties received 977 million dollars in loans and other withdrawals without following due process, the central bank said.
Another person sued was Johnson Asiama, former deputy governor of the Bank of Ghana until 2018.
He was accused of having granted a facility to Unibank without following due process, causing losses of 28 million dollars to the state.
Dr. Duffuor has denied the charges. His lawyer Charles Puozuing, said Asiama wouldn’t immediately comment when contacted by phone.
11:15
AI drones lead breakthrough against malaria in Africa [Business Africa]
Go to video
Evacuations begin: African citizens caught in Israel-Iran crossfire
Go to video
Ghana's former finance minister place on Interpol Red Notice list over corruption allegations
02:10
Accra city authorities renew battle against roadside trading
Go to video
Ghana moderators sue Meta over harm from reviewing extreme content
Go to video
Ghanaian Catholics gather for requiem mass in Accra in honour of Pope Francis