BoG Takes Over Unibank

Bank of Ghana (BoG) has taken over the assets and management of uniBank. This is according to Dr Ernest Addison, Governor  of the Central Bank.

Addressing a press conference in Accra, the Central Bank governor stated that, KPMG has been appointed to manage the bank to save it from collapse.

According to the Governor, uniBank is currently insolvent

He also added that the central bank had indicated that the bank’s capital has been close to the 400 million cedis minimum requirement expected of commercial banks by December 2019.

This  comes two weeks after uniBank announced a purported takeover of adb after some shareholders of the latter, pledged their shares in the bank.

The BoG at the time, dismissed the reports explaining that it has not approved any such agreement.