GN Bank Back: None of the prudential breaches were addressed - Senyo Hosi, Convener

Added: 2026-05-24

[00:00:00]But this debate about 9 billion and then the 30 billion 9 billion 9 billion is impairment. It does not necessarily mean that you wouldn't take 30 billion to fix it. But we need to really audit the matter and then come to some clarity.

[00:00:12]Maybe we have to request something from the Central Bank.

[00:00:15]What do you call that one? The right now we have right to information and then let them come clear so we bury this matter. But the problem definitely had to be solved. Okay.

[00:00:24]>> I would be shocked if the Central Bank would ever pass Pak Kushendu or any of those directors of that time as fit and proper to run any bank or any financial institution in this country. This does not absolve them. If they are cleared No. This is giving you your license. No, no, no, no, you don't get it.

[00:00:43]Fit and proper access look at the prudential breaches. None of them were addressed just like Massa said. The whole the core of the conversation really now is procedural.

[00:00:54]It's really procedural. It's not really about the facts of the matter.

[00:00:56]>> You get the point, yeah. Exactly. It's exactly procedural.

[00:01:00]When the people were were were not getting the money, did you officially inform the people? Did you go through a certain process to establish the reasonableness which you are referring to? Right. All right. But materially, that was a reality.

[00:01:13]So you're using procedural what techniques and and and and gimmicks to establish a strong legal and I don't have a problem. That's you do your job.

[00:01:21]That's why you guys earn income. So as long as I don't have a problem. But me as a policy person, as a businessman, we have to look at the reality and the substance of the matter. Did we have that problem? We did.

[00:01:33]>> A man has been sentenced to as it were killing by euthanasia.

[00:01:40]And then you decide to take a gun and shoot him before they take him to the firing squad. That is possibly your matter.

[00:01:46]>> committed a wrong. Of course we tell you that you have done a wrong.

[00:01:49]That doesn't mean that he was not going to be killed. Exactly. He was not going to die anyway.

[00:01:53]>> Exactly. So that doesn't mean that the man hadn't committed a crime.

[00:01:56]But you didn't manage the process right because you're not authorized to actually shoot didn't manage the process right because you're not authorized to actually shoot him. You did something different. So, something else happened.

[00:02:05]But it does not clean up the liabilities of those the the what do you call the governance liabilities of those directors and directing minds of that institution. You can't be doing a negative 61% what do you call the capital adequacy ratio. You can't be lending 84% to your own companies. It's a breach of all the of Ghana Ghana prudential rules. And you know, the thing that pains me the most, we have used taxpayers' money to do this and we still can't find people held properly liable for all this. What is the case?

[00:02:41]You see You know, >> [clears throat] >> look, you see I have issues with I have a problem.

[00:02:48]You spent money.

[00:02:50]30 billion just where are the people? Where are the people?

[00:02:56]That's the problem.

[00:02:57]Where are the people? [laughter] Then we go around THERE SOME PEOPLE YOU DON'T KNOW WHERE THE people are. Where are the people?

[00:03:05]Have you forgotten all so soon? I I I HAVEN'T FORGOTTEN.

[00:03:10]THE PEOPLE HAVE ALL BEEN SET FREE.

[00:03:13]ARE YOU asking me?

[00:03:15]We had over 400 institutions that were sold to private companies. And guys, the gentleman is saying something [music] that we need to pay >> [music] [music]