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Business News Tue, 31 Jul 2018

New BoG directive to prevent bank collapse – Nana Otuo

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Comment: Bank of Ghana and corporate governance

Author:
Seth Ofori-Larbi
Date:
2018-08-01 17:54:01
Comment to:
New BoG directive to prevent bank collapse – Nan

Shareholders /owners of banks should not allowed to own any investments in any commercial entity. This is to avoid conflict of interest situation where the bank would be tempted to gross over laid down procedures in the granting of loans and advances to related companies
Related transactions is partly the cause of bank failures as most transaction are not at armslenght .

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