The taken-over Unibank had been on liquidity life support for over a year, a Credit and Financial consultant has said.
Emmanuel Akrong, who is the author of Asset Quality Performance of Banks in Ghana, the book that predicted the collapse of at least eight banks, told Joy News the Bank of Ghana had for the past two years kept Unibank, afloat until Tuesday when it announced its takeover.
The Author said the collapse of three indigenous banks is just a tip of the iceberg.
"The Unibank situation was evident for the past one year," he said, adding "Unibank was borrowing to finance its loans."
Watch a video on some quick fact about the takeover.
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:
Latest Stories
-
Contributors own SSNIT, they must decide who becomes its Director-General – Austin Gamey
14 mins -
Move away from theory-based learning towards practical learning approaches – AUCC President to students
23 mins -
Haaland scores as Manchester City beat Nottingham Forest
1 hour -
Villas-Boas elected Porto president
2 hours -
Situation on frontline has worsened, Ukraine army chief says
2 hours -
US doctor describes witnessing starvation in northern Gaza
2 hours -
CAFCC: RS Berkane make final after USM Alger refused to play 2nd leg over Moroccans’ jersey
2 hours -
Elon Musk in China to discuss enabling full self driving
2 hours -
PSG clinch Ligue 1 title after Lyon’s win over Monaco
4 hours -
Guinness Ghana sets the pace at Ghana Beverage Awards with six awards
4 hours -
Burkina Faso suspends BBC, VOA radio broadcasts over killings coverage
5 hours -
Nicole Kidman honoured with AFI Life Achievement Award
5 hours -
Brassier scores winner for Brest as they edge Rennes to secure European football
5 hours -
Akufo-Addo jabs Ejisu independent candidate; rubbishes allegations to rig by-election
5 hours -
‘What are the real causes of the erratic power outages?’ GUTA asks ECG
5 hours