The Bank of Ghana (BoG) has indicated its decision to appeal an Accra Commercial Court’s decision declaring the appointment of a Receiver of defunct UniBank as a breach of the Specialised Deposit-Taking Institutions Act (Act 930).

According to sources close to the Bank and Nii Amanor Dodoo, the court’s ruling is “bizarre” and “completely inconsistent” with an earlier ruling on the same issue.

Sources at the central bank told Joy News, “Court of Appeal Judge, Bright Mensah, who was hearing the matter as an additional High Court judge dismissed an objection from Dr [Kwabena] Duffuor and others challenging the validity of Mr Amanor’s appointment by Bank of Ghana as Receiver of UniBank and ruled that Mr Amanor’s appointment was valid and he could therefore testify against the accused persons.”

Their comments follow the declaration by the court presided by Justice Afi Agbanu-Kudemor ruled that Mr Amanor Dodoo’s acceptance of the job as receiver of UniBank is in breach of Act 930.

The court held that Nii Amanor Dodoo ought not to have accepted the appointment as Receiver when he acted as a member of the team of accountants from KPMG appointed by BoG as the official administrator of UniBank.

In that regard, his acceptance of the appointment was a clear case of conflict of interest and, therefore, illegal.

The court subsequently struck out all matters on the docket regarding the case.

It granted an application by Dr Kwabena Duffuor to strike out a writ of summons issued by the receiver for illegality and a consequent lack of capacity in the takeover of UniBank.