More persons lose their jobs as the Bank of Ghana ‘sanitises’ the banking and financial sector in recent times. From some major banking institutions including Unibank, the Microfinance institutions including First Allied, Ideal Finance have also suffered their fair share of the shutdowns.
It was the turn of some Savings and Loans institutions Friday as the Bank of Ghana announced in a press release, the revocation of licenses of some 23 Savings and Loans companies.
Ironically, Employment Minister, Ignatius Baffour Awuah, just a day to this announcement had presented statistics indicating a fall in the unemployment rate in the country in recent years; from 11.9% to 7.1% in 2019.
This, prominently featured in Saturday's edition of Newsfile on Joynews TV.
Other issues including the recent trend of fertiliser smuggling and the President's comments about the sabotage of his government by 'greedy persons' also were looked at by panelists together with the subjects of the rosewood scandal, and the media under the seige.
Watch as Host Samson Anyennini and his panelists dissect big topics on Newsfile.
Watch a playback of the program here
Sanitising The Banking Sector
Media Under Siege
Cronyism, exceptionalism killing local financial institutions
No 100% assurance to depositors with axed Savings and Loans companies - BoG