BoG directs APEX Bank MD to proceed on leave

The Bank of Ghana has directed the Managing director of ARB Apex Bank to proceed on leave from Monday December 28.

The move is to facilitate investigations into allegations of mismanagement levelled against him by the workers.

Members of the Union of Commerce and Finance Workers on Monday embarked on a two-day nationwide protest against Kwadwo Aye Kusi accusing him of single handedly procuring equipment for the Bank against the procurement procedures.

The Governor of the Central Bank Dr Abdul Nashiru on Monday revealed the Bank has commenced investigation into the matter after it received a petition from the workers on development at the Bank.

Meanwhile, the Deputy General Secretary of the Union of Commerce and Finance Workers John Amegashie has welcomed the decision by the Bank.

Attached is the letter from the Central bank announcing the directive: