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The long-awaited 225 Megawatts capacity power barge which set sail from Turkey has finally reached the shores of Ghana in the Western Region and currently headed for Tema as reports do indicate it is expected to arrive at Winneba at 6pm local time and thus dock at the Tema port on Saturday afternoon as already expected.

Ghana’s Western Naval Command with the vessel GNS Bilika met the barge which entered the Ghanaian waters at 1:00am on Friday thus issuing out an escort and security move for the barge to Winneba in the Central Region, where the Eastern Naval Command will then take over and escort it to its final destination at the Tema port.

When completed the power plant will generate additional 250 MW into the National Interconnected Transmission System (NITS).

Ghana’s erratic power supply is feared to have caused the nation a great deal of loss considering the huge losses accrued by several businesses and the subsequent layoffs in that regard.


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BREAKING NEWS: BoG takes over Unibank



The Bank of Ghana has announced it has taken over the management of private bank, Unibank.

The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges.

Ernest Addison said the bank, adjudged the 6thbest performing company in Ghana at the Ghana Club 100 awards in 2017, provided inaccurate data during the central bank’s effort to resolve the problems last year.

He assured depositors their money is safe, stressing “we are not liquidating the bank, we are saving it.”

The take-over comes weeks after Unibank announced it was taking over adb.
The top management of Unibank are Dr. Kwabena Duffuor II who is Chief Executive Officer, Ekow Nyarko Dadzie-Dennis Chief Operating Officer, Executive Director Owusu-Ansah Awere, Executive Clifford Duke Mettle, Director of Risk Management Kwesi Nkrumah Pimpah.

Photo: CEO Kwabena Duffour II was awarded the most enterprising young executive award in 2017.
The bank’s company secretary is Sylvia Assimeng-Archer, Executive Head of Treasury and Global Trade John Collins Arthur, Executive Head of Corporate Banking Elsie Dansoa Kyereh and Executive Head of Innovations and Business Execution Florence Ohene.

This executive management are expected to give way to new control, KPMG appointed by the central bank.

The bank was founded in 1997 by Kwabena Duffour who later became Finance minister under the Mills administration.
But after 20 years of private management, Kwabena Duffour who is a former Governor of the Bank of Ghana loses control of unibank to his former employers.

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