{"id":411480,"date":"2018-03-21T05:35:12","date_gmt":"2018-03-21T05:35:12","guid":{"rendered":"http:\/\/citifmonline.com\/?p=411480"},"modified":"2018-03-21T07:14:47","modified_gmt":"2018-03-21T07:14:47","slug":"unibank-takeover-analyst-urges-audit-of-banks-risks-to-loan-default","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/03\/unibank-takeover-analyst-urges-audit-of-banks-risks-to-loan-default\/","title":{"rendered":"uniBank takeover: Analyst urges audit of banks\u2019 risks to loan default \u00a0"},"content":{"rendered":"

Some economists are advocating an immediate audit into the risks faced by commercial banks in retrieving loans given to their customers to avert a collapse of the financial industry.<\/p>\n

The suggestions follow the Bank of Ghana\u2019s decision to allow KPMG takeover the management of uniBank over their low capital levels.<\/p>\n

It is unclear what sanctions the central bank could apply of uniBank fails to restore its operations to meet regulatory standards after the six months\u2019 period.<\/p>\n

Meanwhile, the industry regulator has assured customers that their deposits would be protected throughout the exercise.<\/p>\n

Click to listen to the full audio report.<\/a><\/strong><\/span><\/p>\n