Business News of Saturday, 12 October 2019

Source: www.peacefmonline.com

Banking Crisis: Oscar Doe calls out Osei Gyasi

The businessman was critical of Mr Osei Gyasi in a post The businessman was critical of Mr Osei Gyasi in a post

The chairman of Doscar Group Holdings, HRH Oscar Yao Doe has called out the Head of Banking Supervision at the Bank of Ghana (BoG), Osei Gyasi, adding him to the list of individuals that needed to be questioned over the ongoing banking crisis in Ghana.

The businessman was critical 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 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. Because, it took four 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".