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EN
BoG to be ruthless with errant financial institutions
['Business Desk', 'Please Enter Your Name Here']
Business Day Ghana
The Bank of Ghana (BoG) has vowed strict enforcement of the banking regulations to protect the savings and investment of customers.
Mr. Michael Anyamesem, its Ashanti Regional Manager, said it would go to every length to cleanse the banking sector of errant financial institutions, operating outside the law.
Mr. Anyamesem said the central bank would do everything to live up to its responsibility of ensuring effective financial intermediation and prevent fraudulent investment operation.
At the same time, the bank’s total assets shot up to GH¢ 29.24 million from GH¢ 25.54.
He spoke of the urgent need to increase its share capital to at least GH¢ 2 million, to enable the bank to undertake major investments.
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