Ace Gospel minister, Yaw Sarpong has consoled founder of UT Bank and the president of its parent company, UT Holdings, over the takeover of UT Bank by GCB Bank.
The inspirational gospel singer who took to his Facebook Timeline, encouraged Mr Amoabeng to find solace in his favourite gospel songs titled ‘)ko Yi Ny3 wo Ko’.
“EVERY SETBACK IS A SETUP FOR A GREAT COMEBACK. FIND SOLACE IN YOUR FAVOURITE GOSPEL SONG, )KO YI NY3 WO KO.”
The sensational Gospel musician, Yaw Sarpong recently celebrated his 40 years anniversary. He is currently working on his 26th album.
Yaw Sarpong who started music from Methodist church singing band before he was recognised by music legend MacAbraham has started touring churches to share his experience through music to celebrate his forty years music journey.
The GCB Bank Ltd announced total take over the control of UT Bank and Capital Bank, a Press statement from the Bank of Ghana said Monday.
This follows the BoG’s approval of a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd.
According to the BoG, the move has become necessary due to a severe capital impairment of the two financial institutions.
Kasapafmonline.com has learnt some three banks bid to purchase the two banks where ‘GCB was selected amongst 3 others on the basis of purchase price, cost of funding, branches to be retained, staff to be employed and impact on the acquiring bank’s capital adequacy ratio’, the central bank said.
Notwithstanding this, the Bank of Ghana said deposits of customers are safe and banking operations of the two banks will continue as normal.
‘The Bank of Ghana assures the public that all customers can continue normal banking business at all UT Bank and Capital Bank facilities which are now branches of GCB bank’.
Source: Dan Kwasi Prince // www.dailyviewgh.com / Ghana
Writer’s email dailyviewgh@gmail.com
