
The government has formally discontinued all legal proceedings against Dr. Johnson Pandit Asiama, a former Deputy Governor of the Bank of Ghana.
Dr. Asiama was among nine individuals accused of financial misconduct linked to the collapse of UniBank and UT Bank. The charges, which included fraudulent breach of trust, money laundering, and violations of the Bank of Ghana Act, were filed as part of the state’s financial sector cleanup.
Background of the Case
The collapse of UT Bank and UniBank was a major development in Ghana’s financial sector, with authorities alleging regulatory breaches and financial malfeasance by top executives. Those charged alongside Dr. Asiama included UT Bank’s founder, Prince Kofi Amoabeng, and key figures from UniBank, such as former Finance Minister Dr. Kwabena Duffuor and his son, Dr. Kwabena Duffuor II.
Despite the accusations, Amoabeng consistently maintained his innocence, attributing UT Bank’s downfall to systemic challenges in the banking sector rather than deliberate mismanagement.
Legal Discontinuation and Implications
The decision to drop charges against Dr. Asiama raises questions about the state’s broader legal strategy in the financial sector cleanup. It remains unclear whether the cases against the remaining accused individuals will proceed or if further withdrawals will follow.
Legal experts and financial analysts continue to assess the implications of this move, particularly its impact on the credibility of the financial reforms and public trust in the judicial process.