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We haven’t approved ADB, Unibank takeover – BoG

March 7, 2018 1:05 PM
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We haven’t approved ADB, Unibank takeover –  BoG

The Bank of Ghana has stated that it has not approved a purported takeover of ADB by Unibank.

According to the Governor of the Central bank, Dr. Ernest Addison, the outfit is yet to consider any such decision.

Unibank is set to assume a controlling interest in ADB after a consortium of shareholders pledged their shares, proceeds, entitlement and voting rights to Unibank.

The Governor of the Bank of Ghana, Dr. Ernest Addison, disclosed this at the commissioning of the new Ecobank Head office in Accra on Wednesday, March 7, 2018.

“So let me respond to some developing story this morning, the Bank of Ghana has not given approval to the purported takeover or through the pledging of shares to Unibank,” the Governor stated.

Source: citifmonline.com

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