Audio By Carbonatix
Shareholders of UT Bank have dispelled claims that continuous investments by the International Finance Corporation (IFC) have diluted their shares and power of ownership of the bank.
The IFC, a member of the World Bank Group, last week invested 15 million dollars in the bank.
The IFC again on Tuesday facilitated an additional capital injection of a 15 million dollars Trade Finance Guarantee Facility to UT Bank.
With these injections, the IFC now has 22% ownership of the bank.
CEO of UT Bank, Prince Kofi Amoabeng, told Joy Business the move rather broadens the scope and strength of the bank.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
I want to win more Ballon d’Ors than Ronaldo and Messi – Milo U13 best player
2 minutes -
President Mahama reaffirms Africa’s call for reparations, cites colonial injustices
4 minutes -
Scholarship debt crisis: NPP inherited $86m debt in 2017 – Kingsley Agyemang
17 minutes -
Galamsey fight: NAIMOS intensifies Western North operations with decisive Samreboi swoop
22 minutes -
Team Ghana finishes maiden West African Para Games with 40 medals
22 minutes -
2026 World Cup: We can’t underrate any team in our Group – Otto Addo
30 minutes -
Mahama lauds women’s progress in Ghana, draws lessons from China’s development model
31 minutes -
2026 World Cup: Ghana Coach Otto Addo eyes ‘good start’ against Panama in Group L
36 minutes -
Human rights lawyer demands justice for departed souls of El-Wak stadium stampede
43 minutes -
Mahama eyes expanded exports to China, says standards harmonisation key to new trade framework
47 minutes -
2026 World Cup: England are favourites in Group L – Ghana Coach Otto Addo
54 minutes -
Mahama hails US$11.8bn Ghana–China trade growth, says zero-tariff policy will boost economic ties
55 minutes -
CIHRM opens a new chapter in Sunyani
1 hour -
Prof Joshua Alabi clarifies position on GTEC’s description of SMC Doctorate Degrees
1 hour -
We are sorry – Karim Zito apologizes to Kotoko fans after 4th straight game without a win
1 hour