The Bank of Ghana on Monday, August 14, 2017 granted permission to GCB Bank to purchase UT Bank in a purchase and assumption agreement.
The Central bank explained that the move has become apparent due to efforts to consolidate the country’s financial sector.
But what reasons led to the collapse of the indigenous bank?
The audio below chronicles the event leading to the collapse of UT Bank.
By: Vivian Kai Lokko/citibusinessnews.com/Ghana