Banking Scandal: HRH Oscar Doe Accuses Osei Gyasi Of Being One Of The Architects Of The Crisis

The chairman of Doscar Group Holdings, HRH Oscar Yao Doe has called out the Head of Banking Supervision at the Bank of Ghana, Osei Gyasi, adding him to the list of individuals that needed to be questioned over the ongoing banking crisis in Ghana. The multimillionaire businessman was chronic of Mr Osei Gyasi who he said he used to take for a brilliant person until he had course to deal with his office at BoG. HRH Doe Believes Gyasi is one of the architects of the on-going crisis.  

He said all these in a latest public post. Before now, the philanthropist has been critical of the persons of the finance minister, Ken Ofori-Atta, the Governor of the Bank of Ghana, Dr Ernest Addison and Nii Amanor Dodoo, a former principal at KPMG Ghana, alleging them of complicity in the process that led to the collapse of some indigenous financial institutions and local companies in the country recently. Read the post in full below.... 

"I Thought This Gentleman, Osei Gyasi (Head Of Banking Supervision, Bank of Ghana) Was Brilliant, Till I Dealt With His Office. He Is Part Of The Problem. 

The Question Is Which Criteria Do We Use In Ghana To Appoint People Into Very Important Portfolios? Is It Masters Degree. Is IT Ph.D?

Or (Just) Chairing Committees And Doing Some Feasibility Studies?

I Suppose This Is The Criteria.. Any Person (To Be Considered For Public Portfolios) Must Have Demonstrated Or Proved Personal Achievements Either In The Public Or Private Sector Before A High Profile Portfolio Can Be Given To Handle Because The Ability To Make Very Critical Decisions Within A Moment Is (Very) Key. And Most Importantly, The Ability To Make Decisions Based On Fairness And Open Mindedness Is Extremely Essential.

With All Due Respect To His Family,  I Score Mr Osei Gyasi A Zero In Terms Of Performance! I Think He Is Just There Doing 'Yes Sir Master (A Yesman Job). Because, It Took 4 Beautiful Months To Respond To A Letter Which Is Bringing Money To The State. Meanwhile, Too Much Nonsense Of Noise Was Going Via The Media Through The Bank Of Ghana Publications "We Are Protecting Depositors' Money", We Are Cleaning The Banking Sector", The Recovery Process Is Slow", This And That! Yet, Pure Deception. Time Will Tell". 

Banking Crisis: Oscar Doe Blasts Ken Ofori-Atta, Ernest Addison, Nii Amanor Dodoo Again; Says They Lack Vision And Love For Country

-For Their Roles In Banking Crisis

Oscar Yao Doe, the Chairman of Doscar Group has yet again brought to questioning the personalities of finance minister, Mr. Ken Ofori-Atta, Governor of the Bank of Ghana, Ernest Addison and Nii Amanor Dodoo, a former principal partner at KPMG Ghana, for their roles in the banking crisis in the country that led to the collapse of some indigenous financial institutions and local companies. 

In his latest post this morning, HRH Oscar wrote.. 

"GHANA'S HISTORY BOOK SCORECARDS: 2017-2019

Hon. Ken Ofori-Atta (Ghana's  Finance Minister, 2017 Till Date); Bachelor Of Arts In Economics, (Columbia University, 1984). MBA, (Yale University School Of Management (1988). 

History book Scorecard Will Consider Ken As The Man Who Declined To Pay Debts That Ghana Government Owed To Local Banks During Prez John Mahama's Era. Paying Off These Debts Timely Could've Helped Local Banks To Improve Their Liquidity Position. He Could Have Also Made A Decision To Buy Back The ADB Shares Favouring Unibank, To Improve The Bank's Liquidity. Was It Done Deliberately? Only Time Can Tell.

Gov. Ernest Kwamina Addison: Bachelor Of Arts (University Of Ghana; 1982-86). Masters Of Economics (Cambridge University;1987-89). Doctor Of Philosophy (Ph.D) Degree In Economics, MCGILL University. ,His (Ph.D) Dissertation Was Done Under The Direction Of John Kurien.

History Book Scorecard (Will Have It That): He Misjudged And Failed To See The Bigger Picture For Ghana's Economic Prospects Where Everyone Is Taking On Board, Regardless Of Liquidity Challenges. Their Businesses May Have Been Going Through Because Of Lack Of Supervision From The BoG  Itself. He Failed To Apply The European Commission Or The Us Model To Bail Out Ghana's Local Banks And Then Put In New Stringent Measures (Tight Regulations And Laws) With Strong Supervision. 

Nii Amanor-Dodoo: Member, Institute Of Chartered Accountants,Ghana. Member, Institute Of Chartered Accountants, Nigeria.

History Scorecard: Amanor Should Have Been Bold To Tell The BoG Let's Do Stress Tests Instead Of Audit To Ascertain The True Picture Of Their Financial Needs, (And) Then Follow Up Swiftly With Massive Bailouts Like What The Europeans And The US Government  Did For Their Own Banks Having Similar Challenges In 2007/2008/2009.

My Scorecard On The 3 Personalities:

They Lack Vision And Love For Country.They Were Short-sighted And Chose Outdated Mindsets. 

In The 21st Century, Unless Many People Succeed Along In Your System, The Effect On Everyone Could Be Severe! The World Has Evolved. That's Why It's Critical To Use Machinery Of Government To Shiwt Compassion On Every DecisionsMAKING SITUATION.TO STAND THE TEST OF TIME."