Tag Archives: BOG

BoG licenses revocation: We’ll start pilling our monies under our beds instead – Customers

August 20, 2019 BUSINESS Comments Off on BoG licenses revocation: We’ll start pilling our monies under our beds instead – Customers

Following recent happenings with some major financial institutions in the country, some customers have decided to ‘bank in their homes’ rather than carry their monies and invest in any banking institution for fear of losing their monies in the face of any more revocations. The Bank of Ghana Friday revoked …

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BoG unhappy with receivers, describes receivership process as too slow

April 20, 2019 BUSINESS Comments Off on BoG unhappy with receivers, describes receivership process as too slow

The Bank of Ghana has expressed its frustration over the slow pace of work by the two receivers appointed in the aftermath of seven banks collapsing over the last two years. Speaking in an interview on the sidelines of IMF/World Bank Spring Meetings in Washington, DC, Dr. Ernest Addison said …

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