Information reaching GhanaNewsPage.Com is that the Bank of Ghana has taken over the management of UniBank.

The shocking news was announced at a press conference by the BoG which is currently ongoing.

The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges.

Ernest Addison said the bank provided inaccurate data during the central bank’s effort was to resolve the problems.

He assured depositors their money is safe, stressing “we are not liquidating the bank, we are saving it.”

The take-over comes weeks after Unibank announced it was taking over adb.

More soon…