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BoG gives reasons for revoking Ndoum’s GN Savings

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Comment: @Nana B,WRONG MOVE /APPROACH BY GOV

Author:
JAY
Date:
2019-08-18 18:50:44
Comment to:
Clueless Bank of Ghana

@Nana B,You are right and Spot on,l always have disagreed with the approach BOG is taking with the closures,in my view only OTABIL BANK (CAPITAL BANK) should have been closed down,the Government should have then bailed out the rest of the banks by giving them the necessary capital but with an interest rate,then over a period of time let's say 5 or 8 yrs these banks then pay up the capital given to them plus interest,the Government would have made more money with this approach and model instead of just closing down the local banks,other measures like Strict Checks,Monitoring,Credit and Risk Management and Assessment would be put in place to Supervise their operations,but the WICKED and EVIL Finance Minister Ofori Atta was of the view that Ghana had too many banks so it was more of a Political decision made by the NPP Government to close down most of the local banks

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JAY on Aug 18, 2019 18:50
@Nana B,WRONG MOVE /APPROACH BY GOV