Tag: Financial Stability
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Financial stability: World Bank gives Ghana $30m support
The World Bank has approved a $30 million International Development Association (IDA) credit to support the Government of Ghana strengthen its financial sector stability. The support is also to improve inclusiveness for users of formal financial services and the financially excluded, particularly women, rural communities and farmers. Commenting on the gesture, the World Bank Country…
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Banks collapse: Financial stability strategy rolls out in 2019
The Ministry of Finance is hopeful of finalizing processes for the implementation of the Financial Inclusion Strategy by the end of 2018 ahead of full take off in 2019. The strategy will address issues of soundness and stability in the financial market. It will also be involved with the deployment of financial infrastructure, strengthen financial…
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BoG predicts improved balance sheets for banks in 2017
The Head of Banking Supervision at the Bank of Ghana, Raymond Amanfu, has predicted of an improved performance of the banking sector in 2017. According to him, the relative stability in some macro-economic indicators should help banks improve their balance sheets this year. “As a supervisor that is my hope, the issue of the bad…