26
Apr
Banks must blame themselves for the huge losses recorded in their books because of heavy concentration of their portfolios in Government of Ghana securities. According to a Senior Finance Lecturer at the University of Ghana Business School, Dr. Benjamin Amoah, the banks must pay the price for failing to undertake financial intermediation. Majority of the banks in Ghana recorded losses last year, according to their 2022 Audited Financial Statement. This is as a result of the impact of the Domestic Debt Exchange Programme on their operations. Speaking to Joy Business, Dr. Amoah said banks must admit they have not done…