Accra, Ghana

GSE Feed

Forex Rate

Tag Archives: Unibank

BoG takes over management of uniBank


The Bank of Ghana has announced that it has appointed audit firm, KPMG as administrator for uniBank. This means that the central bank has taken over the assets and management of uniBank. The Governor of the Bank of Ghana, Dr. Ernest Addison says uniBank is currently insolvent. Addressing a press conference in Accra, Dr. Ernest Addison stated that KPMG has ...

Read More »

adb, uniBank saga: Shareholders chose profits over devt – Toma Imirhe

Toma Imirhe

Financial Analyst, Toma Imirhe has suggested that the decision to increase the profits of adb could have influenced the pledging of shares by some shareholders of the bank to uniBank. According to him, the continuous existence of government’s ownership in adb and the likelihood for the government to influence resource allocation, could have impacted the profits of the bank therefore ...

Read More »

Banker criticises basis for lifting adb’s suspension on GSE

GHana stock

Investment Banker, Mahama Iddrisu has said the decision by the Ghana Stock Exchange (GSE) to suspend the listing of ADB on the stock market was a hasty one. According to him, the GSE should have done due diligence before suspending adb from trading its shares. The Ghana Stock Exchange on Wednesday (March 7, 2018), suspended trading in the shares of adb following ...

Read More »

adb, uniBank saga: SIC-FSL did not pledge shares

sic fsl

Citi Business News is learning that SIC Financial Services Limited (SIC-FSL) has not pledged its shares in adb to uniBank in fulfilment of an earlier financial commitment. This is contrary to earlier reports suggesting that the company, SIC FSL is part of a consortium of shareholders of adb who have pledged their shares to indigenous bank, uniBank. Per the move, ...

Read More »

GH¢400m capital, others triggered uniBank’s interest in adb

Mahama Iddrisu - Investment Banker

Investment Banker, Mahama Iddrisu has cited adb’s quest to meet the new minimum capital requirement of 400 million cedis as a possible reason for the pledge by some shareholders of adb to uniBank. The move Citi Business News also understands is to grow the base of Unibank to undertake huge transactions. Four shareholders of adb comprising Belstar Capital, Starmount Development ...

Read More »

Banks base rates stay at 26.6% in September

Dr. Ernest Addison - BoG Governor

The average base rate among commercial banks remained at 26.6 percent in September 2017 as recorded in August 2017. The base rate is the lowest rate at which a bank would lend to its customers. According to the Bank of Ghana’s Annual Percentage and Average Interest report, of the thirty-one banks that were surveyed, Unibank still tops with its base rate ...

Read More »

Banks demand expedited issuance of energy bond


Commercial banks are pleading with government to speed up processes to settle the energy sector debt. The banks had earlier bewailed that the debt is affecting their base rates. Government’s economic team is currently in a discussion with the International Monetary Fund (IMF) to come out with an appropriate mode to issue the 2.5 billion dollar energy bond to clear ...

Read More »

Banks’ interests on car loans drop to 31.1 % in June                                  


The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana shows that Unibank offers the highest rate on vehicle loans. Its rate on your car loan is 39.8 percent. The report, however, stated that Bank of Baroda’s rate between 22 and 28 percent is least among banks that offer vehicle loan. The average interest ...

Read More »

Unibank offers most expensive interest on car loans – BoG report


The latest Annual Percentage Rates (APR) and Average Interest (AI) report by the Bank of Ghana has shown that Unibank still leads as the bank with the most expensive rate on vehicle loans. For three consecutive times, Unibank’s rate on your car loan has hit 45.5 percent from the 40.8 to 45.8 percent as at August last year. The rate ...

Read More »

Banks’ average base rate increases to 27.8%


The latest Annual Percentage Rates (APR) and Average Interests (AI) on deposits report released by the Bank of Ghana shows that the average minimum interest rates that can be charged on loans and advances by commercial banks in the country has increased marginally between May and September this year. The figure increased from 27.5 percent to 27.8 percent during the ...

Read More »
Ghana Business News