News:
September 11, 2018
The Finance Committee of Parliament is expected to engage official of the Bank of Ghana (BoG) over the determination of when exit packages for about 3,000 affected workers of the seven collapsed indigenous would be paid.
Chairman of the Committee, Dr.Mark Assibey-Yeboah who stated this to the media after the Committee’s in-camera meeting with some stakeholders on the Bank collapse emphasized the need for the Bank of Ghana to expedite the processes of severance packages.
“If you go into the law, it will take some more time before these severance packages will be paid, but we have an opportunity to engage Bank of Ghana and some of these will be fast-tracked.
It has been a year since some of these workers were laid off and I think it is about time those severance packages are given them” Dr. Assibey-Yeboah said.
PwC are the joint receivers for UT and Capital Bank, whiles KPMG are receivers for the five banks comprising Biege, Unibank, Construction, Royal, and Sovereign.
By the law, Act 930 of the Banks and Specialised Deposit-Taking Institutions Act, the receivers are accountable to the Bank of Ghana in its functions, Dr.Assibey-Yeboah noted.
“They don’t report to us, but because matters like employee severance, those who work with these banks, is involved here, we wanted to know when former workers of UT and Capital Bank will get their severance package, as a matter of fact, they give us the details, how they have arrived at the packages they are going to pay them” Dr explained.
By Christian Kpesese/ ghanamps.com