Tag: Banking Sector cleanup
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Court accepts Ato Essien’s GH¢90m repayment terms
An Accra High Court has changed its position and accepted the GH¢90 million repayment terms on Ato Essien’s restitution deal. The Court presided over by Justice Eric Kyei Baffour last week rejected the settlement deal between state prosecutors and the embattled founder of now-defunct Capital Bank, Ato Essien. Justice Eric Kyei Baffour, a Justice of…
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BoG clean up responsible for banks’ resilience to COVID-19 shocks – Consultant
A banking consultant, Nana Otuo Acheampong has said the financial sector cleanup carried out by the Bank of Ghana, is responsible for the resilience of banks amidst the COVID-19 pandemic. A new report by the Bank of Ghana has established that even though banks have been resilient to shocks amidst the COVID-19 pandemic, the same…