Tag: Banking crisis
-
No witch hunt against UT, Capital banks – Addison
The Governor of the Bank of Ghana, Dr Ernest Addison has refuted suggestions that the collapse of both UT Bank and Capital Bank was a deliberate witch-hunt by the BoG. He says both banks were underperforming; hence the revocation of their licenses. According to the BoG boss, prior to the revocation, both parties showed an…
-
Banking sector reforms: Action was necessary to build a robust financial sector – NAPO
It appears government officials and particularly Bank of Ghana officials, would have to keep explaining for a little longer why the financial sector clean-up was a necessary evil. Following arguments for and against the exercise including even the political twists often attached to it, government officials have had to reiterate many times why it was…
-
Ghana’s economy grows by 7.4% in third quarter
Ghana recorded a 7.4 percent economic growth rate ending September 2018. This is according to the third quarter estimates released by the Ghana Statistical Service. The figure represents a decrease compared to the 8.7 percent recorded for the same period last year [2017]. For the third quarter of this year which spans July to September,…