Reconsider Decision To Probe UniBank, UT Bank Collapse – Majority Leader To Bagbin

The Majority side in Parliament wants the Speaker, Alban Bagbin to reconsider his earlier ruling on the planned inquiry into the dissolution of uniBank and UT Bank.

Prince Kofi Amoabeng and Dr. Kwabena Duffuor on March 19, 2021, petitioned Parliament to investigate the conduct of the Bank of Ghana and the Ghana Stock Exchange following the revocation of the license of their respective financial institutions.

The Speaker of Parliament subsequently tasked a yet-to-be constituted seven-member committee to investigate the matter.

Osei Kyei-Mensah-Bonsu who is opposed to the committee’s work said it could have dire consequences on the adjudication of the two cases currently before the country’s apex court.

The Suame MP said any insistence of a parliamentary inquiry will smack of interference in the work of the judiciary.

“The matter is not concluded before the court. The issue is whether Parliament can order the Bank of Ghana to do something and whether Parliament has the authority to intervene in the normal cause of transaction at the Bank of Ghana.”

“But assuming we even had [the authority], and we determine that the Bank of Ghana should restore the licences to the two banks and the court having heard the matter decided that the Bank of Ghana was right, what do we do? Are we not setting Parliament up for a collision course with the court? This is why I told the Speaker that I thought it w as wrong for him to do what he was doing”, the Majority Leader added.

He has however said his side has settled on the list of four MPs to be part of the Committee.

The list includes Deputy Majority Leader and Efutu MP, Alexander Afenyo Markin, Essikado Ketan MP, Joe Ghartey, Okaikoi Central MP, Patrick Yaw Boamah and Abuakwa South MP, Samuel Atta Akyea.

The Minority is also supposed to present the names of three members for the committee.