The Bank of Ghana has announced it has taken over the management of private bank, Unibank.
The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges.
Ernest Addison said the bank provided inaccurate data during the central bank’s effort to resolve the problems.
He assured depositors their money is safe, stressing “we are not liquidating the bank, we are saving it.”
The take-over comes weeks after Unibank announced it was taking over adb.
Well,did Unibank lie to us? this is simply because, some days back, there was a purported take over of ADB by Unibank– here we are with this news.