Duffuor’s assets not being auctioned – BoG source

Dr. Duffuor

A highly placed source at the Bank of Ghana (BoG) has stated the assets of its former governor, Dr. Kwabena Duffuor, are not being auctioned to defray the cost of loans, as reported.

Documents making rounds on social media had it that the properties of the founder of distressed uniBank, which is currently being managed by KPMG upon the directive of the Central Bank, are being sold to new owners.

“We’ve not come to such conclusion. Duffuor is a respected personality in this country and we need to give him that respect because he has really sacrificed his entire life for the nation.”

The source charged the media and Ghanaians to ignore any news making rounds that the former governor’s properties will be auctioned.

Dr. Duffuor’s uniBank is currently being run by KPMG.

Information available indicates that some shareholders of uniBank are prepared to invest into the bank, supporting it with more funds to get its management back to its own managers instead of KPMG.

Dr. Duffuor is the founder, president, and adviser to House of Duffuor Assets (HODA) Holdings, which houses over 15 companies across several industries.

He worked for a number of banks and was the Governor of the Bank of Ghana from 1997 to 2001, and he also worked with the International Monetary Fund (IMF) as an Economist.

He was Minister of Finance under the late John Evans Atta Mills government.

Dr. Duffuor also founded the Institute for Fiscal Studies (IFS), a non-profit think-tank devoted to the provision of economic policy advice, after he exhibited grave concern about the fiscal policy decisions and management of Ghana’s public finances.


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