Former Beige Bank Supervisor Testifies: GH₵28 Million Approved for Branch Refurbishments”

by Louisa Afful
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Obeng Gyasi Appiah-Kubi, a former Project Supervisor at the collapsed Beige Bank, testified that former CEO Michael Nyinaku approved GH₵28 million for refurbishing 71 branches of Beige Capital Savings and Loans, rebranded as Beige Bank.

Appiah-Kubi, also a witness for the defence at the High Court presided over by Judge Afia Serwaa Asare-Botwe, explained the funds were used for rebranding, construction, and equipment procurement between December 2016 and September 2017.

The projects included furniture, software, generators, and branch renovations nationwide, funded through TBG after CEO approval. Nyinaku faces charges of stealing, money laundering, and fraudulent breach of trust, which he denies.

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