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The Bank of Ghana says there will be no more takeovers.

This follows the announcement that Unibank has been taken over by the central bank.

The BoG has appointed KPMG as Official Administrator to take over control of UNIBANK. Click to read

Second Deputy Governor of the Central Bank, Mrs Elsie Addo Awadzi in an exclusive interview with Kwami Sefa Kayi, Wednesday morning, disclosed that all the other banks are okay and that “we don’t foresee any more takeovers”

It would be recalled that few days after the folding-up of two Ghanaian-owned banks, UT Bank and Capital Bank, reports emerged that eight more banks were facing imminent collapse.

Deputy Finance minister, Kwaku Kwarteng indicated that there are more banks deemed as distressed.

Even though he did not mention those banks, he said "...in respect of the other banks that are distressed to varying extent, the BoG will monitor them closely and step in as soon as it appears to the BoG that the interest of depositors and other participants are threatened".

These banks according to the Second Deputy Governor of the BoG are now having a good standing.

“...those banks came up with measures to save their bank… at the end of last year (2017) they have all completed with whatever they needed to do and so far, there’s no problem. Unibank also brought their plan but it couldn’t materialize and that led us to the current situation. But the other banks are fine and they are all working efficiently under the supervision of Bank of Ghana…We don’t foresee anymore take over. The banks are safe so nobody should keep their money in the house” she urged.