The Finance Committee of Parliament Wednesday began an in-camera probe into the factors leading to the collapse of seven local banks
Officials of KPMG and Pricewaterhouse Coopers are scheduled to appear before the committee today, while officials of the Securities and
Exchange Commission and the National Insurance Commission will also appear before it tomorrow.
The BoG withdrew the
uniBank, the BEIGE, Royal and Construction banks and merged them into an entity known as the Consolidated Bank Limited.
The BoG appointed Nii Amanor Dodoo of KPMG as the receiver for the five banks.
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It claimed some of the affected banks procured their operational
There had been calls from the Minority in Parliament and sections of the society for the sittings of the Finance Committee to be done in public, but the Chairman of the Finance Committee,
He said after getting the
The Majority Leader,
But the NDC Member of Parliament (MP) for Bolgatanga Central and member of the Finance Committee,
He told journalists that he was not furnished with the full documents from KPMG and Boulders on the reasons for the collapse of the banks, as required.
He said since the documents were not complete, he had strong feelings that the probe was going to be a
He said the members of the committee were given all the documents and indicated that
The NDC MP for Ho Central and member of the Finance Committee,
the Boulders report.
He, however, said