Audio By Carbonatix
The Bank of Ghana (BoG) has been faulted for disrespecting shareholders when it announced the dissolution of uniBank, a former board member has criticized.
Professor Newman Kusi said shareholders should have been given the opportunity to save the bank after the central bank found it had become insolvent.
The bank's shareholders could have bought additional shares as a way of recapitalising the bank but were denied this option.
According to him, the dissolution of the indigenous bank amounts to an expropriation of private assets.
But speaking on Joy FM's Super Morning Show, Prof. Kusi said he was hurt by the failure of the central bank to inform the shareholders before going public with the August 1 announcement to revoke the bank's licence.
Listen to the audio
Latest Stories
-
Sista Afia reveals fears about becoming a single mother
3 seconds -
Gov’t 24-Hour Economy markets programme is an afterthought – Minority
1 minute -
Minority wants traders, residents heard before 24-Hour Market projects
2 minutes -
Minority demands review of 24-Hour Market programme over ‘poor planning’
4 minutes -
GIPS calls for strategic procurement to drive inclusive industrial growth
6 minutes -
Ato Forson leads NDC 2028 flagbearer poll with 32% support – Global InfoAnalytics
9 minutes -
Daily Insight for CEOs: The CEO’s role in building leadership capability
14 minutes -
AG to introduce Legal Practitioners Standard Board Bill in Parliament
23 minutes -
AG proposes Bar Welfare Fund to provide social protection for lawyers
27 minutes -
No conditions attached: Rethinking Ghana’s duty of care for citizens in crisis abroad
28 minutes -
GES opens applications for non-teaching staff promotion; here’s who qualifies
42 minutes -
What Is Wrong With Us: We fly halfway around the world to admire discipline, then fly home to tolerate chaos
44 minutes -
Discipline must not become abuse in raising children – ARK Foundation
51 minutes -
Photos: Culture, technology and cuisine take centre stage at Russia’s youth festival
53 minutes -
‘Who approved Laboma structures?’ – Victoria Bright calls for review of permitting system
59 minutes