ALL POSTS FILED UNDER: LOCAL BANKS
Time to support local banks to aid transformation agenda – Prez. Akufo-Addo
Add a CommentPresident Nana Addo Dankwa Akufo-Addo says government was taking steps to empower indigenous financial entities to be able to support and spur Ghana’s transformation agenda. He said it was not acceptable that foreign banks, who had become major economic players, … Read more →
Local banks in fear as recapitalisation deadline approaches
Add a CommentTwo experts in banking have taken issue with the posture of local banks towards consolidation, explaining that their “phobia for mergers” is to blame for the high numbers of indigenous banks in the country. Should local banks be open to … Read more →
Local banks panic over GH¢400m new capital requirement
Add a CommentMANY local banks are apprehensive and fear being swallowed by the big banks or risk losing their universal banking licenses if they do not meet the GH¢400 million (about US$93 million) new capital requirement announced by the Bank of Ghana … Read more →
Bank of Ghana rules out special arrangement for local banks
Add a CommentThe Bank of Ghana (BoG) has indicated that there would not be any special arrangement for banks when the new capital requirement finally takes off. The Central Bank last month disclosed that it would soon be coming out to announce … Read more →
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(Nana Kwesi)