{"id":408782,"date":"2018-03-11T10:00:44","date_gmt":"2018-03-11T10:00:44","guid":{"rendered":"http:\/\/citifmonline.com\/?p=408782"},"modified":"2018-03-11T09:58:25","modified_gmt":"2018-03-11T09:58:25","slug":"unibank-adb-saga-misreported-takeover-trivial-casely-hayford","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/","title":{"rendered":"uniBank, adb saga: Misreported takeover ‘trivial’ – Casely Hayford"},"content":{"rendered":"

The saga over the purported takeover\u00a0adb\u00a0by\u00a0uniBank is overblown and ultimately inconsequential,\u00a0Financial Analyst Sidney Casely Hayford has said.<\/p>\n

“It is a trivial story. There is nothing in this. It has become a story in the media because the reporter who heard the story from wherever or whoever leaked the story to him didn\u2019t quite understand what was happening,\u201d he remarked on The Big Issue<\/strong>.<\/p>\n

[contextly_sidebar id=”yEwalOgsarrArd2PQguGpGHd4ZD3eQae”]On Wednesday, the banking sector woke up to reports that uniBank had taken over adb after four shareholders of the development bank; comprising Belstar Capital, Starmount Development company, EDC and SIC Financial Services Limited, pledged their shares, proceeds, entitlements and voting rights to uniBank.<\/p>\n

The Chief Executive Officer of uniBank, Dr. Kwabena Duffour Jr. later told Citi News<\/strong> that uniBank had control over adb and that the move was in the best interest of the banking industry.<\/p>\n

This was however followed by a u-turn from uniBank, after adb\u00a0was suspended by the\u00a0Ghana Stock Exchange and the Bank of Ghana announced that it had not approved a purported takeover.<\/p>\n

adb\u00a0also came out to deny media reports that uniBank had taken over its operations.<\/p>\n

Mr. Casely Hayford was of the view that the genesis of this saga was engineered by the uniBank CEO and that he should accept blame for the matter being blown out of proportion.<\/p>\n

“I blame Kwabena Duffuor Jr for putting such a story out because it is very amateurish and it is totally frivolous. I think he is in too much haste. This could have easily been a business discussion that has gone but he has hastily gone out into the public and gone and made a statement and this has now created all this confusion.\u201d<\/p>\n

He maintained that “from day\u00a0one, this whole thing is a non-story and that is what we have to be very clear about.\u201d<\/p>\n

Storm in a teacup<\/strong><\/p>\n

Also on The Big Issue, another Financial Analyst Toma Imirhe said any potential takeover of adb\u00a0by uniBank will not happen.<\/p>\n

\"\"
Toma Imihere<\/figcaption><\/figure>\n

This is because\u00a0there is no chance it can get a controlling interest, according to him.<\/p>\n

“This thing is a storm in a teacup and the reason why is simple. This thing will not go any further. Unibank has no\u00a0business buying any shares of adb if it cannot get a controlling interest of 51 percent, which it now knows it cannot get. So this issue is dead.\u201d<\/p>\n

–<\/p>\n

By: Delali Adogla-Bessa\/citifmonline.com<\/p>\n","protected":false},"excerpt":{"rendered":"

The saga over the purported takeover\u00a0adb\u00a0by\u00a0uniBank is overblown and ultimately inconsequential,\u00a0Financial Analyst Sidney Casely Hayford has said. “It is a trivial story. There is nothing in this. It has become a story in the media because the reporter who heard the story from wherever or whoever leaked the story to him didn\u2019t quite understand what […]<\/p>\n","protected":false},"author":14,"featured_media":391255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,11],"tags":[9397,11481,17780,100],"yoast_head":"\nuniBank, adb saga: Misreported takeover 'trivial' - Casely Hayford - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"uniBank, adb saga: Misreported takeover 'trivial' - Casely Hayford - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The saga over the purported takeover\u00a0adb\u00a0by\u00a0uniBank is overblown and ultimately inconsequential,\u00a0Financial Analyst Sidney Casely Hayford has said. “It is a trivial story. There is nothing in this. It has become a story in the media because the reporter who heard the story from wherever or whoever leaked the story to him didn\u2019t quite understand what […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-11T10:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-03-11T09:58:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2018\/01\/Sidney-Casely-Hayford.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/\",\"url\":\"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/\",\"name\":\"uniBank, adb saga: Misreported takeover 'trivial' - Casely Hayford - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2018-03-11T10:00:44+00:00\",\"dateModified\":\"2018-03-11T09:58:25+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"uniBank, adb saga: Misreported takeover ‘trivial’ – Casely Hayford\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"uniBank, adb saga: Misreported takeover 'trivial' - Casely Hayford - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/","og_locale":"en_US","og_type":"article","og_title":"uniBank, adb saga: Misreported takeover 'trivial' - Casely Hayford - Citi 97.3 FM - Relevant Radio. Always","og_description":"The saga over the purported takeover\u00a0adb\u00a0by\u00a0uniBank is overblown and ultimately inconsequential,\u00a0Financial Analyst Sidney Casely Hayford has said. “It is a trivial story. There is nothing in this. It has become a story in the media because the reporter who heard the story from wherever or whoever leaked the story to him didn\u2019t quite understand what […]","og_url":"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2018-03-11T10:00:44+00:00","article_modified_time":"2018-03-11T09:58:25+00:00","og_image":[{"width":600,"height":400,"url":"https:\/\/citifmonline.com\/wp-content\/uploads\/2018\/01\/Sidney-Casely-Hayford.jpg","type":"image\/jpeg"}],"author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/","url":"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/","name":"uniBank, adb saga: Misreported takeover 'trivial' - Casely Hayford - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2018-03-11T10:00:44+00:00","dateModified":"2018-03-11T09:58:25+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2018\/03\/unibank-adb-saga-misreported-takeover-trivial-casely-hayford\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"uniBank, adb saga: Misreported takeover ‘trivial’ – Casely Hayford"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/408782"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=408782"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/408782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media\/391255"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=408782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=408782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=408782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}