Alhassan Andani

27 Jan

Commercial Banks Should Not Be Faulted For Selling Cocoa Bills – Alhassan Andani

wontumionlineBusinessAlhassan Andani, Cocoa bills

Former President of the Ghana Association of Banks, Alhassan Andani, says commercial banks should not be faulted for selling cocoa bills to customers. According to him, the cocoa bills were one of the safest bond instruments on the market and thus a preferred choice for customers who wanted very low risk bonds to buy. He explained that what made the cocoa bills particularly enticing was the fact that COCOBOD the issuer has a better credit risk than the government of Ghana, making it a very credible institution. “First of all, let’s not miss it. What is the credit rating of…

30 Sep

Banking Sector Crisis Was Not Systemic – Alhassan Andani

wontumionlineBusinessAlhassan Andani, Banking Sector Crisis

Former President of the Ghana Association of Banks, Alhassan Andani, says the banking sector crisis was not systemic but rather an institutional one. According to him, most of the top players in the banking sector had identified and taken precautionary measures against banks at risk of insolvency long before the Central Bank had raised red flags concerning those banks. He noted that if those top banks had been unduly exposed to the defaulting banks, the collapse of the defaulting banks would have had a much more resounding effect in the country’s economy. He stated that the Bank of Ghana should…