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Business News of Tuesday, 21 August 2018

Source: citinewsroom.com

Experts speak on banking sector clean up

Seven Ghanaian banks have collapsed since August 2017, after the Bank of Ghana, working with the Ministry of Finance, embarked on a comprehensive clean-up exercise in a bid to repair, restructure and strengthen the banking sector.

As Ghanaians continue to express grave concerns about the loss of jobs and livelihoods, a growing number of citizens are calling for those responsible for allegedly abusing public funds, depositors’ monies and trust to be prosecuted without fear or favour.

Government’s decision to rescue the affected banks from collapse — by getting the Ghana Commercial Bank (GCB) to take over the first two and merging the second batch of five banks to form the Consolidated Bank Ghana — has been described as responsible and positive.

What appears missing in the conversation, however, is the depositor. Are the customers of the seven banks safe? How do we protect the depositor and rebuild public confidence in the financial services sector in Ghana?

To answer these questions and more, the Danquah Institute, a public policy research centre, in collaboration with Citi FM and Citi TV, will be hosting a special panel discussion at Alisa Hotel on Wednesday, August 22.

Special guest of honour will be Ken Ofori-Atta, the Finance Minister.

Themed: “THE BANKING SECTOR CLEAN UP – ARE DEPOSITORS SAFE?”, this enriching panel discussion will feature renowned experts:



Hon. Deputy Minister of Finance, Charles Adu-Boahen

Head of Chambers, Kasser Law Firm and Lecturer at GIMPA, Clara Kasser-Tee, esq.

Senior Lecturer at the Department of Economics-University of Ghana, Dr Eric Osei-Assibey

Head Consultant and CEO of EBEN Consultancy, Accra, Dr Ebenezer Ashley
The discussion will be moderated by Bernard Avle.

Join us at the Kojo Botsio Hall, Alisa Hotel, at 10am sharp, Wednesday, June 22, 2018.