{"id":1058423,"date":"2022-04-17T10:34:33","date_gmt":"2022-04-17T10:34:33","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/04\/17\/dr-duffour-shares-painful-story-of-unibank-collapse\/"},"modified":"2022-04-17T10:34:33","modified_gmt":"2022-04-17T10:34:33","slug":"dr-duffour-shares-painful-story-of-unibank-collapse","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/04\/17\/dr-duffour-shares-painful-story-of-unibank-collapse\/","title":{"rendered":"Dr Duffour shares painful story of UniBank collapse"},"content":{"rendered":"

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\"Kwabena
Kwabena Duffuor<\/figcaption><\/figure>\n<\/div>\n

Founder of now-defunct uniBank, Dr Kwabena Duffuor, has opened up about his struggles with the collapse of his financial institution.<\/p>\n

According to him, it was a big blow, adding he and the family were greatly affected.<\/p>\n

\u201cIt was a big blow and something that hurt me but I was lucky my family was supportive,\u201d he said in an interview on Asempa FM\u2019s Ekosii Sen<\/strong>.<\/p>\n

The former Finance Minister and Governor of the Bank of Ghana indicated that although some of his businesses were affected by the revocation, others managed to survive.<\/p>\n

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The Bank of Ghana revoked the license of uniBank and five other banks to form the new Consolidated Bank Ghana in its bid to clean up the sector.<\/p>\n

The Central Bank cited various reasons, including capital adequacy ratio crisis, poor corporate governance, and overexposure to related parties.<\/p>\n

The bank shareholders, who are in court challenging the revocation of the licenses, recently petitioned Parliament on the matter.<\/p>\n

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Parliament has since set up a committee chaired by First Deputy Speaker, Joseph Osei Owusu, to look into the petition and present a report to the House.<\/p>\n

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