Bank of Ghana places troubled UniBank under administration
Central bank says it has made several attempts to save the mid-sized lender since 2016
The Bank of Ghana has placed one of the country’s medium-sized banks under the administration of KPMG, after several attempts to stabilise the institution failed.
The appointment of KPMG is aimed at saving UniBank from “imminent collapse”, the central bank says in a statement released on March 20.
“[Placing the bank into administration] will prevent potential losses to depositors and other creditors, and ensure that the financial condition of the bank does not create further risks for the
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