{"id":411955,"date":"2018-03-22T13:26:58","date_gmt":"2018-03-22T13:26:58","guid":{"rendered":"http:\/\/citifmonline.com\/?p=411955"},"modified":"2018-03-22T18:26:32","modified_gmt":"2018-03-22T18:26:32","slug":"unibank-to-challenge-takeover-by-bog","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2018\/03\/unibank-to-challenge-takeover-by-bog\/","title":{"rendered":"uniBank to challenge takeover by BoG"},"content":{"rendered":"
Management of insolvent indigenous Ghanaian bank, uniBank, has indicated that it will work to reverse the takeover of the bank by the Bank of Ghana (BoG).<\/p>\n
According to the Reuters News Agency, management of uniBank is of the view that the BoG did not meet the requirement to notify them before announcing the takeover.<\/p>\n
[contextly_sidebar id=”OguAHlKcUd8BMyxDQZdzqEgJKVkUd8Ir”]A legal adviser to uniBank, Dominic Ayine, made known this intent saying\u00a0\u201cWe intend to go for arbitration.\u201d<\/p>\n
It is as yet unclear where the bank will pursue this arbitration.<\/p>\n
Dr. Ayine has confirmed this decision to Citi News<\/strong> off record, but has refused to give further details.<\/p>\n