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Africawatch Magazine Exposes NPP Government In Unibank Takeover – Says The Bank Was Collapsed On Political Grounds

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In its June/July 2020 edition, the Africawatch magazine has made a comprehensive report on the takeover of Unibank by government, noting that the bank was deliberately destroyed on political grounds because the bank was owned by Dr Kwabena Duffuor, a top NDC member. Unibank was placed in administration in March 2018 and subsequently consolidated as … Read more

Dr Kwabena Duffour Sues Bank Of Ghana Over uniBank Licence Revocation

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Former governor of the Bank of Ghana and majority shareholder of uniBank, Dr Kwabena Duffour, has sued the Bank of Ghana over the recent collapse of uniBank.
In a suit filed at the High Court at Accra, Dr Duffour calls for the Central Bank to invalidate the licence of the Consolidated Bank, which was formed by the BOG to take over the five collapsed banks, including uniBank.

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Rambo-Style Bank Closure: Was The Bank Of Ghana A Prosecutor And A Judge In Its Own Court?

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The recent closure of UniBank and four other banks by the Bank of Ghana (BOG) to form the Consolidated Bank has raised many questions concerning the process undertaken to arrive at the final decision of collapsing these banks.
The BOG gave different reasons for why each bank was deemed a failure and shut down but the haste with which the decision was taken and the failure of the central bank to attempt even the perfunctory of measures to revive the banks involved truly raise questions about the motive behind the decision and whether the BOG acted as a fair arbiter or a biased tyrant.

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