John Gatsi

Gatsi Challenges BoG Over Blames On DDEP For 2022 Losses

Gatsi Challenges BoG Over Blames On DDEP For 2022 Losses

The Dean of the Business School of the University of Cape Coast (UCC), Professor John Gatsi, has challenged Bank of Ghana’s assertion that the Domestic Debt Exchange Programme (DDEP) affected its books in the year 2022. The Central Bank incurred a loss of GH¢60.8 billion in 2022 and blamed the Programme  for the loss. Speaking at the launch of GCB Bank’s 70th anniversary, a Deputy Governor, Dr Maxwell Opoku-Afari, on behalf of the Governor, said the DDEP affected the profitability and solvency of banks in 2022 but performance in the first half of 2023 looks promising. On Tuesday, August 8,…
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