The state has dropped all charges against Dr. Johnson Pandit Asiama, former Deputy Governor of the Bank of Ghana.
Dr. Asiama was initially one of nine individuals charged in connection with the collapse of UniBank and UT Bank. The charges included fraudulent breach of trust, money laundering, conspiracy to commit a crime, and violations of the Bank of Ghana Act. These charges were part of the broader financial sector cleanup initiated by the central bank, which led to the revocation of licenses for several financial institutions, including UniBank and UT Bank.
Other individuals charged in relation to the case included UT Bank’s founder and former CEO, Prince Kofi Amoabeng, as well as Catherine Johnson, UT Holdings Ltd., Raymond Amanfu, and Robert Kwesi Armah. The charges were based on allegations of financial mismanagement and regulatory violations believed to have contributed to the banks’ insolvency.
Prince Kofi Amoabeng denied any wrongdoing, asserting that UT Bank’s collapse was due to systemic issues in the banking sector rather than deliberate mismanagement.
In the case of UniBank, former Finance Minister Dr. Kwabena Duffuor, his son Dr. Kwabena Duffuor II (former CEO of UniBank), and other top executives faced similar charges, including money laundering, fraudulent breach of trust, and conspiracy to commit a crime.
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