Audio By Carbonatix
Governor of the Bank of Ghana, Kwesi Amissah-Arthur has ruled out passing legislation to stop the quotation of goods and services in dollars for now.
There are currently calls for the central bank to enact laws to stop this practice to help stabilize the currency in the long term.
But speaking at the launch of the enlarged ECOBANK, after acquiring The Trust Bank, the governor says the bank will rather use market mechanisms and administrative measures and market mechanisms to stop the practice.
Chief Executive of Ecobank Group, Anold Eperk on his part pledged the bank’s commitment to double its investments in the country.
The Parent company ECOBANK, ETI last year acquired TTB for 220 million Ghana cedis and merged it with ECOBANK Ghana.
ECOBANK is projecting to be the biggest bank in Ghana in terms of profits and assets after the merger.
Meanwhile, some staff of TTB were worried that take over will leave some critical areas neglected by their new owners.
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
-
Beyond the Party T-Shirt
18 minutes -
IGP promotes five police officers over Kwafokrom GOIL robbery arrest
24 minutes -
Tragedy at Senchi: Two crushed to death as tipper truck somersaults near market
40 minutes -
Government to unveil “The New Economy” Programme in 2027 Budget
51 minutes -
GIZ, Zoomlion and Blue Skies launch InnoWaste Project to create jobs and tackle plastic waste in Ghana
1 hour -
‘The emotional journey is difficult, but you don’t stop’ – Antoine Semenyo’s mother on diaspora struggle
1 hour -
‘Football in Ghana is about blood and legacy’ – Antoine Semenyo’s mother urges diaspora parents
1 hour -
QNET, Manchester City bring world-class football coaching to Ghana’s young talent
1 hour -
Emma Ankrah: Between quiet questions and the will to continue
1 hour -
Ghana’s economy shows strong recovery after “inherited crisis” – Ato Forson tells Parliament
1 hour -
No further IMF financial bailout will be required in the foreseeable future – Finance Minister
1 hour -
Learning from Ukraine, Hezbollah is now using fibre-optic drones to hit Israel
2 hours -
Teenager arrested at Senya Beraku for alleged defilement of 15-year-old girl
2 hours -
Ghana has moved from IMF ‘supplicant’ to partner – Ato Forson declares as economy surges past $100 Billion
2 hours -
“Ghana has moved from ICU to wellness center” — Finance Minister declares economic recovery
2 hours