25
Jul
The Bank of Ghana has announced that all banks have submitted their recapitalisation plan. This is ahead of the September 2023 deadline. The Domestic Debt Exchange Programme (DDEP) has impacted negatively on the banking industry, eroding the capital of some banks. According to the Governor of the Bank of Ghana, Dr. Ernest Addison, the recapitalisation programme will enhance the operations of the Ghana Financial Stability Fund. The Ghana Association of Banks had described the BoG’s end-of-September timeline for banks to provide their recapitalisation plans as a prudent decision. Its Chief Executive Officer, John Awuah, speaking exclusively to Joy Business said…