Tag: Deposit Insurance
-
Deposit Protection Scheme will restore confidence in financial sector—Dr. Bawumia
The Vice President, Dr. Mahamudu Bawumia, is optimistic the setting up of the Ghana Deposit Protection Scheme will enhance confidence in the financial sector. He explained that the passage of the Deposit Protection scheme, which will be implemented by the Ghana Deposit Protection Corporation, will also reform the financial sector since there are strict guidelines…
-
Banks to absorb cost of deposit insurance scheme — Alhassan Andani
President of the Ghana Association of Bankers, Alhassan Andani has assured that banks in the country will take up the cost of the Deposit Protection Insurance Corporation when it comes into effect next month. The Deposit Insurance Corporation will protect depositors’ funds in the event of bank failure and revocation of licenses. In an interview…