BoG committed no error in revoking UniCredit’s licence – Supreme Court

The Supreme Court has affirmed that the Bank of Ghana (BoG) committed no error in revoking the licence of UniCredit Ghana Limited.

This is in light of a unanimous decision by the Supreme on Wednesday, June 26, where it reversed the decision of the Court of Appeal and affirmed the decision of the High Court in the case of The Republic Versus Bank of Ghana, Ex Parte Hoda Holdings Limited.

“Today, the Supreme Court in a unanimous decision, reversed the decision of the Court of Appeal and affirmed the decision of the High Court in the case of The Republic Versus Bank of Ghana, Ex Parte Hoda Holdings Limited. By this decision, the Supreme Court affirmed that the Bank of Ghana committed no error in revoking the licence of UniCredit Ghana Limited.”