Skip to main content
GAPNEWS

No Clean-up At Rural, Community Banks — BoG


MALICIOUS MESSAGES CIRCULATING ON SOCIAL MEDIA
PLATFORMS ABOUT RURAL AND COMMUNITY BANKS




The attention of the Bank of Ghana has been drawn to malicious
messages circulating on social media platforms such as WhatsApp and
Facebook that an intended “clean up" of Rural and Community Banks
(RCBs) sub-sector by the Bank of Ghana would negatively affect
depositors fund with RCBs, urging them to move their funds to other
institutions.
For the avoidance of doubt, the clean-up exercise is only directed at
insolvent and illiquid financial institutions which are not able to meet
depositor withdrawals. The exercise is to enable depositors have access
to their funds.
The Bank of Ghana would want to encourage the general public and
customers to continue to do business with RCBs that are solvent, liquid
and strong.
For further details you may contact the Other Financial Institutions
Supervision Department of Bank of Ghana on 0209-125348/0302-
665619
Issued by Bank of Ghana on June 07, 2019

Comments

Post a Comment

Popular posts from this blog

Happily, the two directors who caused PBC woes lost their bid to be NPP parliamentary candidates – Mahama

GAPNEWS Happily, the two directors who caused PBC woes lost their bid to be NPP parliamentary candidates – Mahama Former President John Dramani Mahama has said that the directors of the Produce Buying Company (PBC) will be investigated for their actions that caused the problems of the company. Mr Mahama accused the two directors of attempting to seek refuge in Parliament from accountability, but God being so good, they lost their bid to be parliamentary candidates on the ticket of the New Patriotic Party (NPP). Speaking with cocoa farmers in Kumasi and the General Agriculture Workers Union on Thursday, February 8, the flagbearer of the National Democratic Congress (NDC) said, “The workers of PBC have not been paid for about 8 months to 9 months and it is not known when they will receive their salaries, it is instructive to note that two of the directors who have left PBC into the ditch could see that they had finished the company and so they were looking for new careers and so they wen
Post a Comment
Read more
GAPNEWS The need for Ghana to prepared for future uncertainty that could affect the economy. Ghana is endowed with gold and oil palms and situated between the trans-Saharan trade routes and the African coastline visited by successive European traders, the area known today as Ghana has been involved in all phases of Africa's economic development during the last forty five years.  In 1981 a military government under the leadership of Flight Lieutenant Jerry John Rawlings came to power. Calling itself the Provisional National Defence Council (PNDC), the Rawlings regime initially blamed the nation's economic problems on the corruption of previous governments. Rawlings soon discovered, however, that Ghana's problems were the result of forces more complicated than economic abuse. Following a severe drought in 1983 (fire out break), the government accepted stringent International Monetary Fund (IMF) and World Bank loan conditions and instituted the Economic Recovery Program
Post a Comment
Read more

Finance Minister Amin Adam outlines seven priority points in his first meeting with mg’t of MoF

GAPNEWS Finance Minister Amin Adam outlines seven priority points in his first meeting with mg’t of MoF The Minister for Finance, Dr. Mohammed Amin Adam has outlined seven priority points in his first meeting with the Management of the Ministry. He met the entire management on Monday February 19 I will bring new urgency to bear on the work so we can run and fly and make an impact within this short period” he said. Dr Amin succeeded Ken Ofori-Atta at the Ministry in the recent ministerial reshuffle done by President Akufo-Addo on Febraury 14. Earlier, he told journalists that “Revenue collection will be pursued aggressively. So you are going to see me moving around the revenue centres, the ports, the airport, and the market areas to encourage the staff of GRA to collect more revenue but also to institute a friendly approach to collecting revenue.”
Post a Comment
Read more