Daily Archives - November 19, 2019
19Nov

DPS will restore confidence in financial sector

The Vice President, Dr. Mahamudu Bawumia, is optimistic the setting up of the Ghana Deposit Protection Scheme will enhance confidence in the financial sector. He explained that the passage of the Deposit Protection scheme, which will be implemented by the Ghana Deposit Protection Corporation, will also reform the financial sector since there are strict guidelines that must be followed. Speaking at...

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19Nov

BoG Receiver working to pay locked funds of depositors of MFIs

The Ministry of Finance, the Bank of Ghana (BOG) and the receiver have reached an understanding to find a way to unlock funds belonging to Rural Community Banks (RCB) deposited with Micro Financial Institutions (MFIs), the First Deputy Governor of BOG Bank, Dr. Maxwell Opoku–Afari, has assured. He added, “Discussion on modalities are ongoing and once concluded will be announced...

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