Audio By Carbonatix
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:
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
-
Release him now – Afenyo-Markin demands bail for Abronye DC following CID arrest
18 minutes -
Over 60,000 apply for Russia’s 2026 International Festival of Youth
22 minutes -
NPP’s Abronye DC arrested by police again
26 minutes -
No strain in Ghana–Israel ties despite global concerns — Israeli Ambassador
32 minutes -
Hindsight: Frimpong’s death, Chelsea’s poverty and GFA’s perpetual slumber
35 minutes -
Italian PM condemns ally Trump over ‘unacceptable’ Pope criticism
40 minutes -
Ex-Nigerian oil minister denies taking bribes
40 minutes -
Trump deletes post depicting him as Jesus-like figure after backlash
40 minutes -
AI was introduced to curb revenue leakages – Attah Issah defends policy
40 minutes -
NRSA lists five key risks linked to converted Toyota Voxy vehicles
42 minutes -
“We’re sorry” – Israeli Ambassador apologises for the bombing of Ghanaian UN peacekeepers in Lebanon
45 minutes -
Agric Ministry signs landmark agro-industrial, fertilizer deal with Sentuo Group
54 minutes -
A walk through the regulatory framework around Trade License Plates (DV AND DP)
56 minutes -
Former CID boss sues National Security operative and media houses in GH¢10m defamation case
1 hour -
Carlos Queiroz appointed Black Stars head coach for 2026 FIFA World Cup
2 hours