The relationship between academic institutions and industries needs to be reconsidered, according to Dr. Maxwell Opoku-Afari, first deputy governor of the Bank of Ghana.
Dealing...
Anthony Sarpong, a senior partner at the accounting and auditing firm KPMG Ghana, has counselled the Bank of Ghana and other central banks in Africa to view the failure of banks in developed countries as a warning to the banking industry to avoid a similar situation in the future.
Maintaining sufficient liquidity to cover customer withdrawals, in his opinion, is one way to stop bank failure.
He said the failure of those banks is a wake-up call that must not be disregarded in an interview with Joy Business following the collapse of US Bank, Silicon Valley Bank, and other larger financial institutions.
However, he expressed assurance that the steps taken by the Bank of Ghana to support banks will be successful.
“You noticed that the regulator has...
Vice President Dr Mahamudu Bawumia has revealed that he suffered sleepless nights when Ghana went through a phase of persistent hikes in exchange rates leading to...
Vice-President, Mahamudu Bawumia has said that he had restless nights when the country's bulk oil distribution businesses priced petrol at GHC19 to a dollar...
A member of the Mines and Energy Committee of Parliament, Edward Bawa, is requesting information from the government regarding the conditions of the funds...