Officials of Consolidated Bank Ghana (CBG), KPMG and PricewaterhouseCoopers have started appearing before Parliament’s Finance Committee as a probe into the collapse of seven banks enters day two.
Officials of PricewaterhouseCoopers have already appeared before the committee with KPMG currently before the committee.
Consolidated Bank Ghana (CBG) is the next after KPMG.
Issues relating to job losses, the legality of the establishment of the Consolidated Bank and how government investments in the bank can be recouped, are expected to dominate discussions when officials of CBG appear.
The committee is also expected to scrutinise the quality of work the auditing firms, KPMG and PricewaterhouseCoopers did, based on which the seven collapsed banks were taken over by the Bank of Ghana.
Wednesday’s hearing revealed that no Bank of Ghana official has been punished, despite the regulator’s admission that it is partly to be blamed for the collapse of some indigenous banks.
