Tag: Elsie Awadzi
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BoG sanitises industry with new borrowers & lenders law
Customers of commercial banks would be restricted in their borrowings from any bank in the coming months if he/she does not have a credible loan repayment track record. This will follow the strict enforcement of the new Borrowers and Lenders Act, by commercial banks in the country. The Bank of Ghana has served notice it…
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Minimum capital: BoG issues guidelines on mergers & acquisitions
The Bank of Ghana has disclosed that it is working on guidelines for potential mergers and acquisitions that may emerge following the recapitalization of banks in the country. The central bank explains that this also forms part of a series of new reforms aimed at building a strong financial sector. Commercial banks are expected to…