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.