Ernest Addison

BoG Governor Addison Asks Banks To Innovate And Be Creative In Conducting Business

BoG Governor Addison Asks Banks To Innovate And Be Creative In Conducting Business

Governor of the Bank of Ghana (BoG) Dr Ernest Addison has asked banks and other financial institutions to innovate and be creative in the conduct of business. He says this will enable the banks to grasp the ongoing adjustments in the Ghanaian economy. He stated that the Domestic Debt Exchange Programme (DDEP) affected the profitability and solvency of banks in 2022, but the performance of banks during the first half of 2023 looks promising. “The Bank of Ghana has also granted some temporary regulatory reliefs to dampen the impact of the debt restructuring and these, together with the expected operationalization…
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