Dr. Kwabena Duffour sues BoG over Unibank collapse

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Dr Kwabena Duffour, a shareholder of the defunct uniBank Ghana Limited, has initiated a fight to reclaim uniBank, which the Bank of Ghana (BoG) on August 1, 2018, collapsed along with four other banks on grounds of insolvency.

The Bank of Ghana on August 1, 2018 merged five banks into a Consolidated Bank of Ghana Limited with the explanation that investigations had established that the five banks were insolvent.

The banks are BEIGE, Sovereign, Construction, UniBank and Royal Bank.

However, through his lawyer, Professor Raymond A. Atuguba of Atuguba and Associates, Dr Kwabena Duffuor has filed a suit against the Bank of Ghana over the revocation of the license of uniBank.

Dr Duffour, who is a former Minister of Finance and also a former Governor of the Bank of Ghana wants the High Court in Accra to order the Bank of Ghana to give him back his bank.