The Financial sector has been on the discussion table for quite some time now. An action that began on the 14th of August, 2017 set off a chain of events that has culminated in the revocation of a number of licenses of financial institutions in the sector.
A new set of measures and reforms were also announced from the regulators of the industry particularly the Bank of Ghana. On the 16th of August 2019, the Bank of Ghana revoked the licenses of 23 savings and loans companies and finance houses.
The regulator argues this completes reforms in the Banks and Specialized deposit-taking institutions. But there are a number of issues that need immediate attention.
What are these issues? What can we do about the way forward? Philip Nanfuri and his guests, CEO of Private Enterprise Federation (PEF), Nana Osei Bonsu, Executive Secretary of the Ghana Association of Savings and Loans companies (GHASALC), Tweneboah Koduah Boakye and Executive Secretary of the Association of Finance Houses, Kokui Adu sift through the noise and make us better-informed on the Business Edition of PM EXPRESS on Joy News.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
BoG Governor urges businesses to re-invest locally to sustain forex stability
7 minutes -
Suspended Chief Justice Torkornoo’s $10 Million ECOWAS Showdown Tests Ghana’s Democratic Pillars
9 minutes -
Education Minister’s statement doesn’t affect upcoming licensure exams – NTC tells candidates
10 minutes -
NDC’s Yakubu Abanga pledges to resign if found guilty of galamsey involvement
22 minutes -
CRC receives over 600 constitutional reform proposals
23 minutes -
DriveEVGh launches EV Showroom to accelerate Ghana’s green transport revolution
24 minutes -
Rethinking Everyday Choices: Cutting Back on Processed Meats, Sugary Drinks, Trans Fats – and Reading Food Labels
33 minutes -
Time to correct History: Rename KIA after Kwame Nkrumah – Vitus Azeem
45 minutes -
Roasted Corn-on-the-Cob in Season
47 minutes -
GBA elections in limbo over stand-off with NSA
47 minutes -
Transport Consultant proposes nationwide tracking system for motorbikes to curb road indiscipline
1 hour -
Road Safety Authority seeks legal backing to regulate okada operations amid rising accidents
1 hour -
Interim Ghana Boxing Authority board meets NSA ahead of extraordinary congress
2 hours -
Implementation of GH₵1 fuel levy pushes prices of petroleum products up
2 hours -
NSMQ 2025: Ghana SHS reinstated into North East qualifiers after Sakogu withdrawal
2 hours