Banking Sector Archives - Wontumi Online

05 Sep

Banking Sector Recovering From Post-DDEP – Monetary Policy Report

wontumionlineBusinessBanking Sector, DDEP

The Bank of Ghana has revealed that the banking sector’s performance in half-year 2024 pointed to continuing recovery from the macroeconomic challenges since 2022. However, asset quality concerns remained a drag on the performance of the sector. According to its July 2024 Monetary Report, the banking sector remained profitable, liquid, and generally efficient during the review period, with stable solvency reflecting the rebound in profitability in the industry post-Domestic Debt Exchange Programme implementation, as well as the ongoing recapitalisation effort by banks. “The outlook remains stable, but recapitalisation and enforcement of stringent credit underwriting standards, and intensified loan recovery efforts…

Banking Sector Remains Robust And Liquid Despite Economic Headwinds – BoG

wontumionlineBusinessbank of ghana, Banking Sector

The Second Deputy Governor of the Central Bank, Elsie Addo Awadzi, has reassured stakeholders in the banking industry that despite current economic headwinds and debt restructuring efforts, the sector remains robust, liquid and solvent. According to her, prior to the onset of the Coronavirus pandemic, banking sector clean-up exercise and recapitalisation of banks ensured that the industry had the required capital and liquidity to contain macroeconomic shocks. “Indeed, our banking sector remains solvent and liquid even after the pandemic, in the face of recent macroeconomic challenges, and in particular the Government debt restructuring efforts. It is worth mentioning that the banking sector…

The NDC Were Running The Banking Sector As A Casino- Ernest Owusu- Bempah

wontumionlineFeatured, News, TrendingBanking Sector, Depositors, Ernest Owusu Bempah

A deputy Director of communications for the New Patriotic Party (NPP), Ernest Owusu-Bempah has said that but for the intervention of the NPP government, the NDC were running the banking sector as a casino. According to him, the management of the banking sector was so poor under the tenure of the erstwhile Mahama's administration to the extent that there were instances where customers were not even able to access their funds. "Millions of cedis belonging to depositors were nowhere to be found. Had it not been for the intervention of the President's banking sector clean-up, millions of traders…