Tag: PricewaterHouseCoopers
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Banking sector gets GH¢1.5 billion fresh capital injection– PwC survey
The banking sector received about GH¢1.5 billion in fresh capital last year as banks moved to meet the Bank of Ghana’s December 31, 2018 deadline to meet the minimum capital requirement, a PwC survey has shown. The BoG’s directive to the banks provided three sources of meeting the GH¢400 million minimum capital requirement. The banks…
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Banking sector clean up boosted public’s confidence in sector — Top bankers
A survey on the country’s banking reform sector revealed that 55 percent of respondents welcomed the revocation of banking licenses, saying the measure would engender public confidence and increase investment in the medium to long term. Some banks, especially multinationals feel that they had not experienced any real change to their business, even though 45…
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PwC backs BoG’s call for specialised courts to deal with banks’ resolution matters
PricewaterhouseCoopers has backed the calls by the Bank of Ghana boss Dr. Ernest Addison for the Chief Justice to establish special courts to deal with issues arising from the central bank’s resolution of some failed banks. The central bank governor has lamented that some directors among others of some of the erstwhile banks have resorted…
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Collapsed MFIs: More depositors to be paid this week — Receiver
More customers of the 347 microfinance companies that had their licenses revoked on May 31, 2019, will be paid this week, the receiver appointed by the Bank of Ghana has revealed. The receiver, Eric Nana Nipah — a Partner at PwC, speaking on the Citi Breakfast Show on Monday morning admitted that claims payments to…