Business News of Monday, 15 June 2020Source: The HeraldGovt struggling in court over UniBank LiquidationThe defunct uniBank Ghana LimitedGovernment, has been pushed into a tight corner in the controversy over the revocation of the license of UniBank in 2018. The Receiver appointed to liquidate Unibank in June last year, filed an application in court to halt an arbitration hearing with shareholders of the bank. The Receiver, referred the matter to court after owners of uniBank, sought to challenge the bank’s liquidation by BoG. Five local banks, UniBank, Beige Bank, The Construction bank, The Royal Bank, and Sovereign Bank, were consolidated into a new entity called the Consolidated Bank Ghana Limited, which is 100 percent state-owned. Two shareholders of defunct uniBank, had already dragged the BoG before court for canceling their 51 percent stake in adb.

Source: GhanaWeb June 15, 2020 12:00 UTC