Tag: fit and proper directives
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BoG moves to scrutinize appointments of all key staff of banks
The Bank of Ghana has announced it will now assess people appointed by financial institutions into key positions using its new fit and proper persons directive. The directive is the central bank’s latest move to ensure sound corporate governance as a way of instilling confidence in the banking sector. According to the Fit and Proper…
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BoG limits reappointment of Directors, CEOs of insolvent banks
Former managers of financial institutions who have been implicated in any act of insolvency or folding up of their companies risk not assuming any managerial role within the banking industry. This is because the central bank is getting tougher with its rules governing the financial sector. The latest guideline to be issued by the Bank…