Ghana is taking the fight against money laundering seriously due to the effect of such practice on the economy and the country’s international image, Naa Welbeck Anuonyam, an Official at the Financial Stability Department of the Bank of Ghana, has said.Ms Anuonyam told members of the Institute of Financial and Economic Journalists (IFEJ) at a training workshop in Koforidua...
The Bank of Ghana says it has applied sanctions to its staffwhose actions led to the banking sector distress. According to the governor, Dr Ernest Addison, this is part of an “accountability process” his outfit initiated into the corporate governance letdowns to ensure that everybody rendered individual accounts on their involvements. “There are lingering issues associated with bringing to book those...
A Banking Consultant, Nana Otuo Acheampong, does not think the introduction of the 100 and 200 Cedi notes will contribute to any inflation as some have suggested. “We are not changing prices anyway… if anything at all, it [the new notes] should have a positive or at worst a neutral effect on inflation but not increase inflation,” he opined on...
