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
-
Inclusive education: SODIA, ActionAid Ghana conduct WASH audit in schools
3 minutes -
35,893 Candidates sit for BECE in Northern Region
12 minutes -
Our agreed-upon conditions must be implemented now, not in 2026 – GRNMA
28 minutes -
There’s never been a time I’ve not given my best at Arsenal – Thomas Partey
50 minutes -
Manhyia South MP warns against ‘weaponising’ lifestyle audits, urges caution to prevent witch-hunting
55 minutes -
BECE 2025: Eduwatch highlights digital inequality concerns
57 minutes -
Government urges retired nurses and midwives to volunteer as GRNMA strike bites hard
1 hour -
2025 Club World Cup: Top contenders and stars to watch
1 hour -
Bond market: Trading activity rose 8.5% to GH¢1.53bn
2 hours -
The warped logic of Ghana’s Aged Vehicle Ban: Killing an Industry while ignoring real risks
2 hours -
Health minister begs striking nurses, says their demands not captured in 2025 budget
2 hours -
GH¢2bn demand threatens fiscal stability—Dep. Fin. Min. pleads with striking nurses
2 hours -
2025 Johnnie Walker Annual Ghana Golf Championship: Two days of golf, community, and celebration
2 hours -
AMA rolls out waste sorting initiative to combat poor waste disposal
2 hours -
Ghana to miss cocoa production target in 2024/2025 crop season
2 hours