Management of the Sekyedumase Rural Bank has threatened a legal action after the Aboabo branch was demolished to pave way for the 24-hour market project currently being spearheaded by the government.
The Chief Executive Officer of the Bank, Afriyie Michael Kwabena, speaking on Ghana Akoma on Akoma FM with Sir John said there has been ongoing conversation with the Asokore Mampong Municipal Assembly over a movement plan which was progressing fluidly until the sudden demolition.
“We have had meetings after the Assembly had informed us about the 24-hour market project. We even enquired whether the bank could be incorporated into the project design but that was unsuccessful.
The alternative was to get an alternative place for our operation. In fact, the Assembly allocated a place in the Asawase market, but we needed to inform our regulator for approval,” he said on August 12.
Abrupt Demolition
The CEO of the Sekyedumase Rural Bank further stated that the Assembly, without any official ejection notice went on to demolish the building housing the bank.
“Several properties belonging to the bank were destroyed, including important documents.”
“But customer data and records remain intact due to our network system.”
“Nonetheless, he said they could not account for hard cash “we could not account for about GHC10 million which was kept in our vault after the demolition.”
Reacting to the development, presiding member of the Asokore Mampong Municipal Assembly, Mohammed Al-Jara said the demolition exercise was done before the General Assembly got know.
“We were supposed to have a General Assembly to discuss the matter, but it didn’t happen,” he told Sir John.
The bank has hinted of going to court to compel the Assembly pay for damages.
By Evans Nkum
