Tag Archives: BANKING CLEAN UP

The president has likened the previous operations of the many dissolved financial institutions to that of a Ponzi scheme. President Nana Addo Dankwa Akufo-Addo reiterated that his administration upon assuming power observed that many banks were in distress and had been kept on “unsustainable and artificial life support by the central bank.” …

The Economist Intelligence Unit (EIU) has hailed government’s industrialisation drive under its flagship One District One Factory intiative, as well as the banking sector clean up. In the EIU’s latest country report on Ghana in which it partly analysed the impact of the Coronavirus pandemic on the Ghanaian economy and …