Audio By Carbonatix
The Bank of Ghana (BoG) has given the assurance that it has the capacity to properly regulate the micro-finance sector.
The promise follows concerns about the increasing number of micro finance businesses springing up all over the country.
There have also been arguments that the current staff strength of the central bank will make it difficult to control this growing sector.
But the Head of Micro Finance at the Bank of Ghana, Kwame Sarpong Osei Bonsu told JOYBUSINESS the bank has strategies to do its work.
“…We’re going to employ, get additional staff in the unit”, Kwame said.
He added that there will be a cut-off for the licensing of the micro-finance institutions.
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
-
Is Ghana losing the fight to protect children online?
8 minutes -
Ghana Institution of Surveyors pushes for Governing Council Bill, conference reforms
8 minutes -
Professional collaboration key to Ghana’s land, property development – Western Regional Minister
19 minutes -
UPSA holds first session of 18th Congregation.
25 minutes -
Why demand another country’s medical records? – Mahama on Ghana’s rejection of ‘humiliating’ US health compact
28 minutes -
Mentorship critical to survival and growth of MSMEs – Sinapi Aba Trust
29 minutes -
Nsawam Adoagyiri MP joins residents to oppose Agbogbloshie waste relocation to his constituency
41 minutes -
New monitoring system rolled to step up fight against child labour in Ghana
42 minutes -
Patrick Donkor
44 minutes -
GHS, Oxfam sensitise young people in Ekon on contraception, reproductive health to mark World Contraception Day
45 minutes -
Let private sector drive economic transformation – Alan Kyerematen
48 minutes -
GoldBod changes gold assay regime, makes XRF testing definitive from October 1
52 minutes -
Ghana sees geopolitical tensions as opportunity to end dependence – Ablakwa
54 minutes -
Empower community radio stations to strengthen public engagement – Former Sports Minister
1 hour -
La Dade-Kotopon MP calls for Ga language programmes in schools and on radio
1 hour