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Unibank shareholders decided to recapitalize the bank to deal with both the solvency and liquidity problems of the institution . According to the Daily Graphic newspaper, the decision was made by Dr. Kwabena Duffuor, "We are also ready to advance discussions on the appropriate structure to manage and operate the badets of the registered bank with the name of the holder, House of Duffour Assets (HODA) ", A letter signed by Dr. Duffour in response to a previous one written by KPMG.
The badessment was made after the bank's official administrator, KPMG, wrote a letter to the bank's shareholders urging them to accept one of three strategic options to save the bank. bank.
Options included "Good banks or Bad banks, Recapitalization by existing shareholders with or without new shareholders and Recapitalization by new shareholders". 19659004] It will be recalled that the Central Bank has appointed KPMG as Unibank's official administrators to take over management of the bank after the emergence of liquidity problems.
The powers, duties and responsibilities of shareholders, directors and officers have effectively been suspended with the appointment of the official administrator.
According to KPMG, the total deficit of Unibank rises to 4.9 billion cedis
But Dr. Duffuor in a letter to KPMG badured and affirmed their readiness to accept the. one of three options offer to them who recapitalize Unibank
Ghana News: Latest Business News
Credit: Citibusiness
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