Kwame Akuffo, a private legal practitioner, has stated that the official Receiver appointed to manage the assets and liabilities of the collapsed UniBank raised concerns over the accuracy of the bank’s reported liabilities.

Speaking on JoyNews’ Newsfile programme on Saturday, August 2, Mr Akuffo stated that he has reason to doubt the exact total of UniBank’s outstanding obligations and is advocating a thorough re‑evaluation.

He explained that while earlier figures suggested a liability of approximately GH¢5.7 billion, subsequent assessments lowered this estimate to around GH¢3.3 billion.

However, the Receiver emphasised that even this revised amount remains unverified, as comprehensive audit data and reconciled creditor reports are still pending.

His comments come amid ongoing controversy over the government’s other recoveries, following observations by governance analysts like Bright Simons.

Mr Simons pointed out that only about 10.6% of the total liability has been recovered—far less than the 60% figure cited by the Attorney General—raising serious questions about the transparency and integrity of the recovery process.

Mr Akuffo affirmed his commitment to safeguarding public interest and urged stakeholders—including the Bank of Ghana and the legal team managing the receivership—to collaborate in verifying the actual liability.

He insisted that accurate accounting is essential before determining how much should be recovered, ensuring that the state’s financial interests are fully protected.