UT Trial

Joseph Yeebo Sampana, the fifth prosecution witness in the trial of Prince Kofi Amoabeng, Chief Executive Officer of the defunct UT Bank Ghana, and others said UT Bank was in business with Export Development Agricultural and Investment Fund (EDAIF) before it was converted into Exim Bank. He said the Fund started doing business with UT Bank when it was one of the Designated Financial Institutions (DFI). “Based on the approval of Bank of Ghana for Exim Bank to operate as a DFI, EDAIF started giving out loans through UT Bank and when funds were placed with UT Bank, EDAIF was…