The ATMs could not dispense money in the morning until about 12 noon, a situation that caused panic and fear among some customers of the bank. Some of the agitated customers expressed fear about the possibility of losing their money under the new arrangement. Even notices posted at the various branches of the bank by KPMG, the new administrator of the bank, assuring the customers that their money was safe and secure could hardly calm the customers’ nerves. A statement issued by the BoG stated that “uniBank persistently suffered liquidity shortfalls and consistently breached its cash reserve requirement". He eventually withdrew cash, after almost an hour of waiting, when the ATM was restored to dispense cash to customers.

Source: GhanaWeb March 22, 2018 07:30 UTC