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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

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    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

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    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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Bankers tout BoG Governor’s achievement as he prepares to bow out

bycitibusinessnews
March 30, 2016
in Banking And Finance, Business, Top Stories
Governor of the BoG, Dr. Kofi Wampah

Governor of the BoG, Dr. Kofi Wampah

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Some analysts have commended the Governor of the bank of Ghana, Dr. Henry Kofi Wampah, over his achievements as the head of the central bank.

[contextly_sidebar id=”0UCPi6ReeV9YLpaC9bfiubJshYmQRENr”]It follows the announcement of a rather early exit of the Governor from the bank.

A statement released by the Bank of Ghana which confirmed the Governor’s exit stated that in view of Dr. Wampah’s long outstanding leave days, he will be taking an early retirement from the central bank ahead of the end of his tenure which falls on August 5, 2016.

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Some have criticized the Governor over the failure of decisions such as the Forex control measures as well as the recent developments in the microfinance industry where millions of cedis have been locked up due to poor supervision of their operations.

But Banking Consultant and Head of the Osei Tutu II Centre for Executive Education and Research, Nana Otuo Acheampong believes Dr. Wampah had some good policies to his credit.

Though he says the retirement does not come as a surprise, he tells Citi Business News the achievements cannot be overlooked.

“For the positive sides, core function in the banking sector has expanded under his reign, the balance sheets of the banks from when he became governor to now have increased by some percentage. We have more universal banks than we did before he came so there are some positives that he has achieved.” Nana Otuo Acheampong noted.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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