Kwame Akuffo, the official Receiver appointed to manage the assets and liabilities of the collapsed UniBank, has raised concerns about the accuracy of the bank’s reported liabilities.
Speaking on JoyNews’ Newsfile programme on Saturday, August 2, Mr Akuffo revealed that he has reason to doubt the exact amount of UniBank’s outstanding obligations and is advocating for a thorough re‑evaluation.
He explained that although earlier reports estimated the bank’s liabilities at approximately GH¢5.7 billion, subsequent assessments reduced that figure to around GH¢3.3 billion. However, he stressed that even this revised total remains unverified, as comprehensive audit data and reconciled creditor reports are still outstanding.
His comments come amid ongoing public debate over the government’s asset recovery efforts, particularly following observations by governance analyst Bright Simons.
Mr Simons recently noted that only about 10.6% of UniBank’s liabilities have been recovered—far below the 60% recovery rate cited by the Attorney General—raising concerns about transparency and the credibility of the process.
Mr Akuffo reaffirmed his commitment to safeguarding the public interest and called on key stakeholders—including the Bank of Ghana and the legal team handling the receivership—to collaborate in verifying the actual liabilities.
He emphasised that accurate accounting is crucial before any meaningful recovery can be assessed, in order to fully protect the state’s financial interests.
Source: Ernest K. Arhinful