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Governor of Bank of Ghana, Ernest Addison

 

Indigenous banks are said to be laying off their workers in order to realise the GHc400 million capital requirement proposed by the Central Bank in order for financial institutions to continue to operate.

According to reports, an indigenous bank has laid off four hundred (400) of its workers in order to meet the requirement.

Speaking on GBC’s news and current affairs programme, ‘Behind the News’ the Spokesperson for the Association of Indigenous Banks, Abu Issah Monney said the indigenous banks have not complained about the increase in the minimum capital by the Bank of Ghana (BoG) but what they are asking for is an extension of the deadline which is December this year (2018).

gbcghanaonline

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