Bank of Ghana (BoG) should concern itself more with enforcing good corporate governance in the banking sector rather than having finances of banks stretched-thin over high recapitalization demands.
The idea that every bank should be “big” is misplaced, however the financial market regulator should focus on whipping banks in line with regulatory measures by ensuring loans and risks assessments are format complaint
These are the thoughts of former Rector of the Ghana Institute of Management and Public Administration (GIMPA), Professor Stephen Adei.
Prof. Addei backlashed the Central Bank describing the increment in the minimum capital requirement as unacceptable.
Taking his turn on GhanaWeb’s “21minutes with KKB”, the economist argued that the so-called big banks, which operated over a long period of time and gained income only managed to transfer such funds into Stated Capital for trading.
According to Prof. Adei, the Bank of Ghana should have helped the smaller banks out of their insolvency rather than raising their minimum capital requirement.
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