Bank Of Ghana to Strengthen Local Banks in the Country- Prez Akuffo Addo

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President of the republic of Ghana Nana Addo Dankwa Akuffo Addo has called on all Ghanaians to collaborate with the Bank of Ghana (BoG) to resolve issues with distressed local commercials banks.

This follows the fear by many that the introduction of the new capital requirements by the Bank of Ghana (BoG) will lead to many local banks collapse.

Aside admonishing the Central Bank to look for ways to strengthen the local banks in the country, he also added that there the need for BoG to work independently without any political interference to help restore sanity in the banking and financial sectors in the country.

He also admonished the private sector to rally along with the BoG to strengthen local banks in the country.

The President brought this to bare during his address at the “Third Ghana CEO's Summit” in Accra.


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