Tag: mergers&acquisitions
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BoG sets ground rules for mergers & acquisitions
Banks seeking to acquire other banks or merging to become a bigger entity may start heaving a sigh of relief as the Bank of Ghana discloses guidelines to facilitate any such process. The move also forms part of the means by the commercial banks to meet the new minimum capital requirement by the Bank of…
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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…
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Mergers & Acquisitions: potential haven for tax evasion – Analyst
The Ghana Revenue Authority (GRA) has been impressed upon to re-examine the various mergers and acquisitions that have been completed in the country to reconcile potential revenue losses due to tax evasion. This is the suggestion from Tax Analyst, Mr. Abdallah Ali Nakyea. According to him, such commercial activities have been cited as a major…