No president has the authority to issue banking licenses – Professor Boadi

Read Article

Comments (44)

This article is closed for comments.

Read Comments Comments (44)

Paa Willie 1 year ago

Ah, is this coming from a Professor? Who appointed the Governor, Is Bank of Ghana based in Heaven with executive powers beyond control? Is BOG above the Parliament of Ghana with its so called independent body? Cheap politicki ...
read full comment

Ah, is this coming from a Professor? Who appointed the Governor, Is Bank of Ghana based in Heaven with executive powers beyond control? Is BOG above the Parliament of Ghana with its so called independent body? Cheap politicking.
Kojo 1 year ago

Please reason to logic and the Law. You don't learn with such lopsided fanatical reasoning.

Please reason to logic and the Law. You don't learn with such lopsided fanatical reasoning.
Kojo Sromani 1 year ago

Do live is Mars? In Ghana, our president has enormous powers; he appoints the Governor of BoG, and such a person will be one who will align to his policy direction; appointes majority of the Board members of BoG, appoints the ...
read full comment

Do live is Mars? In Ghana, our president has enormous powers; he appoints the Governor of BoG, and such a person will be one who will align to his policy direction; appointes majority of the Board members of BoG, appoints the Finance minister, and thus, has absolute influence on policy direction. Only idiots and deluded Professors and Doctorate degree holders will reason the way that man thinks. I think that the man does not know what he is talking about.
Kofi 1 year ago

If that's the case then the president is hinting he is going to control the central Bank. That is quite unfortunate considering our current situation. NDC has over the period criticized the government for using BOG to do deal ...
read full comment

If that's the case then the president is hinting he is going to control the central Bank. That is quite unfortunate considering our current situation. NDC has over the period criticized the government for using BOG to do deals. Now see them toi
Kweku 1 year ago

Kofi, did you listen to the former President well? He did nit say he was going to by all means give GN Banks license to it. He said they would go into it and if there is unfairness un it He would reinstate the bank. What u ...
read full comment

Kofi, did you listen to the former President well? He did nit say he was going to by all means give GN Banks license to it. He said they would go into it and if there is unfairness un it He would reinstate the bank. What us wrong with what the former President said?
Paa Willie 1 year ago

To add, if a President could take decision to collapse a Bank, how impossible it is for another to restore the collapsed Bank? I am surprised your commented from Asaase Radio, the Agyapadie people who spearheaded the Collaps ...
read full comment

To add, if a President could take decision to collapse a Bank, how impossible it is for another to restore the collapsed Bank? I am surprised your commented from Asaase Radio, the Agyapadie people who spearheaded the Collapse of the Banks. .
Juvenal Urbino 1 year ago

Young man, what are asking? You don’t seem to know the know the law. It isn’t about who appointed who but what the courts have ruled.

Young man, what are asking? You don’t seem to know the know the law. It isn’t about who appointed who but what the courts have ruled.
Kojo 1 year ago

The President has no powers to revoke banking licenses, but the Governor of the BoG, under Act 930. Mahama has no power whatsoever to restore any bank's license and CANNOT do what he's promised.

The President has no powers to revoke banking licenses, but the Governor of the BoG, under Act 930. Mahama has no power whatsoever to restore any bank's license and CANNOT do what he's promised.
Kojo Sromani 1 year ago

Tell us who will appoint the Governor. Tell me who will appoint the Board members. Do you think that he will appoint people who will be opposed to his policy direction ab initio? You people must grow up and reason properly.

Tell us who will appoint the Governor. Tell me who will appoint the Board members. Do you think that he will appoint people who will be opposed to his policy direction ab initio? You people must grow up and reason properly.
Kwaku 1 year ago

What questions did you ask when the licences of innocent banks were being revoked?

What questions did you ask when the licences of innocent banks were being revoked?
Sage 1 year ago

Prof, tell this to that stupid ignorant Drunk and Thief, Mahama.

Prof, tell this to that stupid ignorant Drunk and Thief, Mahama.
snd 1 year ago

You rather sound stupid into believing what the Prof said. If the BoG was truly independent, we wouldn't have been in the mess we currently find ourseleves as a country. Is only stupid npp supporters who think all is well.

You rather sound stupid into believing what the Prof said. If the BoG was truly independent, we wouldn't have been in the mess we currently find ourseleves as a country. Is only stupid npp supporters who think all is well.
Aba 1 year ago

If NDC comes and does not prosecute all th3e criminals at BOG for causing financial loss to the state they will be punished for it.

If NDC comes and does not prosecute all th3e criminals at BOG for causing financial loss to the state they will be punished for it.
Thief of Staff - Akosua Frema 1 year ago

Another useless NPP sympathizer PhD holder. Did John Mahama say when the NDC wins, he personally will restore banking licenses? Do you know the constitution more than John Mahama? Or you think that because you have earned the ...
read full comment

Another useless NPP sympathizer PhD holder. Did John Mahama say when the NDC wins, he personally will restore banking licenses? Do you know the constitution more than John Mahama? Or you think that because you have earned the academic title professor so you know everything? Or because you published those cheaply academic and theoretical papers and published them in those 1-star journals so you think you know everything? Dutch passport is better than your PhD. You are just as useless as Dr. Mahamudu Bawumia, Dr. Gideon Boako, Dr. Kabiru Mahama, Dr. Stephen Amoah and Prof. Kingsley Nyarko. Kwasiaa buuluubuuluuu!!!
Amos 1 year ago

The same power that was used to unlawfully close some of the banks and also print more money than the law permits for the government will be used to restore the banks. The power that will change hands on 7th January is not go ...
read full comment

The same power that was used to unlawfully close some of the banks and also print more money than the law permits for the government will be used to restore the banks. The power that will change hands on 7th January is not going to less than what Akuffo Addo wields today.
Drew 1 year ago

All Mahama needs to do is to set up a committee to look into the banking crisis and the committee to restore banks that were unfairly closed. That's how Akuffo Addo has operated and cleared most appointees of corruption. Pr ...
read full comment

All Mahama needs to do is to set up a committee to look into the banking crisis and the committee to restore banks that were unfairly closed. That's how Akuffo Addo has operated and cleared most appointees of corruption. Professor, you are dumb.
Kojo 1 year ago

Under which law is Mahama going to set up a committee? Act 930 has no such provision.

Under which law is Mahama going to set up a committee? Act 930 has no such provision.
nothing between the ears 1 year ago

Kojo, you are a stupid dumbass!!!

Kojo, you are a stupid dumbass!!!
Kojo 1 year ago

@KOJO, I THINK IT WAS YOUR FATHER WHO ENACTED THAT LAW THUS MAKING IT IMPOSSIBLE FOR ANOTHER GHANAIAN TO CHANGE IT STUPID FOOOOOOOL! NO WONDER YOU BELONG TO THE NPP. KEN AGYAPONG SAID IT. 99 PERCENT OF NPP SUPPORTERS ARE FO ...
read full comment

@KOJO, I THINK IT WAS YOUR FATHER WHO ENACTED THAT LAW THUS MAKING IT IMPOSSIBLE FOR ANOTHER GHANAIAN TO CHANGE IT STUPID FOOOOOOOL! NO WONDER YOU BELONG TO THE NPP. KEN AGYAPONG SAID IT. 99 PERCENT OF NPP SUPPORTERS ARE FOOLS AND STUPID
Donatus 1 year ago

This guy is wasting our time. Professor? No, no, .......

This guy is wasting our time. Professor? No, no, .......
John 1 year ago

And this moron is Accounting professor? I am ashamed of having that title as well. How do morons luke these get to even lecture, if not in a worthless third world university?

And this moron is Accounting professor? I am ashamed of having that title as well. How do morons luke these get to even lecture, if not in a worthless third world university?
Fuudian lomotey 1 year ago

John mahama and his foolishness

John mahama and his foolishness
Willie 1 year ago

Mr professor I beg to differ and I don't think this is coming from a whole professor. Now when this current gov't redrew the licences of those banks , how did they do it, wasn't the instructions given to the bank of Ghana to ...
read full comment

Mr professor I beg to differ and I don't think this is coming from a whole professor. Now when this current gov't redrew the licences of those banks , how did they do it, wasn't the instructions given to the bank of Ghana to carry them through. So the same way the NDC can also instruct the BoG to restore the licences of those banks.
Skido 1 year ago

When will JDMs blows stop dazzing these npp people who never want to add wisdom to their so called intellectualism? Everyone knows there are laws in Ghana so when an experienced former president is talking you need to listen ...
read full comment

When will JDMs blows stop dazzing these npp people who never want to add wisdom to their so called intellectualism? Everyone knows there are laws in Ghana so when an experienced former president is talking you need to listen very well before you counter plz Mr professor
Yaaa 1 year ago

Prof don't worry yourself. The returns and repoerts of Unubank, GN etc are there for everyone to see. The position of the law, Act 930 is clear on what to do whan banks are insolvent.
I am yet to hear Nduom and Dufour co ...
read full comment

Prof don't worry yourself. The returns and repoerts of Unubank, GN etc are there for everyone to see. The position of the law, Act 930 is clear on what to do whan banks are insolvent.
I am yet to hear Nduom and Dufour come out to say they were not insolvent. Unibank submitted returns indicating that the bank was insolvent. What will Mahama do to Dufour who said he was going to sell the assets he purchased with the 5 billion Gh cedis from unibank and pay back? There is a letter to tgat effect.
You are talking about licence restoration, what will happen to the thieves? Go read the KPMG report , Administrator's report on Unibank and the last mgt ltter and financial statements on GN by KPMG who were the auditors then. They are public documents.
More work for you in the banking sector. Depositors are waiting for you. Greedy and thievery directors and shareholders abounds in tge sector. The rules, laws and standards applicable are transparent.
Pls I advise you do no't make any promises. You may have to take some drastic actions
Yaaa 1 year ago

Prof don't worry yourself. The returns and reports of Unubank, GN etc are there for everyone to see. The position of the law, Act 930 is clear on what to do whan banks are insolvent.
I am yet to hear Nduom and Dufour com ...
read full comment

Prof don't worry yourself. The returns and reports of Unubank, GN etc are there for everyone to see. The position of the law, Act 930 is clear on what to do whan banks are insolvent.
I am yet to hear Nduom and Dufour come out to say they were not insolvent. Unibank submitted returns indicating that the bank was insolvent. What will Mahama do to Dufour who said he was going to sell the assets he purchased with the 5 billion Gh cedis from unibank and pay back? There is a letter to tgat effect.
You are talking about licence restoration, what will happen to the thieves? Go read the KPMG report , Administrator's report on Unibank and the last mgt ltter and financial statements on GN by KPMG who were the auditors then. They are public documents.
More work for you in the banking sector. Depositors are waiting for you. Greedy and thievery directors and shareholders abounds in tge sector. The rules, laws and standards applicable are transparent.
Pls I advise you do no't make any promises. You may have to take some drastic actions
Nana 1 year ago

You call yourself professor but lost the argument don’t you know that the incoming administration can appoint a new governor to achieve this political promise huh
Once he sack the old one the new one will issue everythin ...
read full comment

You call yourself professor but lost the argument don’t you know that the incoming administration can appoint a new governor to achieve this political promise huh
Once he sack the old one the new one will issue everything he is asked to do by the new president therefore he can achieve this political promises.
Yaaa 1 year ago

Nan,
Are you saying he will not work with the law?
So whatever he asks the Governor to do, he will right

Nan,
Are you saying he will not work with the law?
So whatever he asks the Governor to do, he will right
Royal 1 year ago

Did the present BOG governor work with the law by over printing illegal money into the economy???
And under whose instructions did he do that?
Where was the law all this time? REASON pls

Did the present BOG governor work with the law by over printing illegal money into the economy???
And under whose instructions did he do that?
Where was the law all this time? REASON pls
Apedwa Sendo 1 year ago

This same man said he can't think for himself and you are surprised such a statement was made.Anyway Dr Bawumia will win by 50.7%

This same man said he can't think for himself and you are surprised such a statement was made.Anyway Dr Bawumia will win by 50.7%
Ken ofori atta the criminal 1 year ago

This so called Prof is bankrupt in mind . He doesn't deserve to be a professor. He is one of those npp awarded professors

This so called Prof is bankrupt in mind . He doesn't deserve to be a professor. He is one of those npp awarded professors
HE IS CLASS 1 PRESIDENT, WE DON'T NEED HIM AGAIN. 1 year ago

HE IS CLASS ONE PRESIDENT WE DON'T NEED HIM AGAIN

HE IS CLASS ONE PRESIDENT WE DON'T NEED HIM AGAIN
Andropov 1 year ago

The strategy used in revoking the license is the same strategy to be used in restoring it. Mark my word

The strategy used in revoking the license is the same strategy to be used in restoring it. Mark my word
Adams 1 year ago

Ndc leaders must be frank and tell Mahama to stop being drunk, and avoid childish pronouncements.
Mahama must be sent to hospital for admission as quickly as possible, he looks very sick.

Ndc leaders must be frank and tell Mahama to stop being drunk, and avoid childish pronouncements.
Mahama must be sent to hospital for admission as quickly as possible, he looks very sick.
Adwoa Tukesie 1 year ago

Another fool-soldier with a big-but-empty title.

Another fool-soldier with a big-but-empty title.
Benbella 1 year ago

You've stated your points Prof. buy I'm sure u know we're in a country call ghana. After these stupid fools and thieves leave the seat, we shall get to know if it's possibly or not. Don't waste ur er energy I beg. Thank u

You've stated your points Prof. buy I'm sure u know we're in a country call ghana. After these stupid fools and thieves leave the seat, we shall get to know if it's possibly or not. Don't waste ur er energy I beg. Thank u
Yaaa 1 year ago

Prof dont waste your time. The records are there.
It will be given to them. Unibank, GN and all others records are there.
All the complaint letters from custoners are there oooooo

Prof dont waste your time. The records are there.
It will be given to them. Unibank, GN and all others records are there.
All the complaint letters from custoners are there oooooo
Ghana for All 1 year ago

These academic juncos with just 275 citations from.from.scrupulous predatory journals are worrying us with noise.
Your h and indexes on Google scholar is even less than 10, a feet that wont you warrrant Professor in any se ...
read full comment

These academic juncos with just 275 citations from.from.scrupulous predatory journals are worrying us with noise.
Your h and indexes on Google scholar is even less than 10, a feet that wont you warrrant Professor in any serious university is making noise all over.

Massa pack and let us think, what shallow academicians are these.
Ignorance 1 year ago

You are a fool and ignorant. Who appoint governon to the central bank

You are a fool and ignorant. Who appoint governon to the central bank
Woyoowoyo 1 year ago

Kwaseato professor. Who made the laws governing the Bank of Ghana? Which laws did the Bank of Ghana use to collapse the banks? Is the Bank of Ghana itself not bankrupt? Nkwasea akeka nkoaaa .

Kwaseato professor. Who made the laws governing the Bank of Ghana? Which laws did the Bank of Ghana use to collapse the banks? Is the Bank of Ghana itself not bankrupt? Nkwasea akeka nkoaaa .
Skippy 1 year ago

Kwashiorkor ,malnourished economist...trite. !
Which President has said they have the authority to give licenses.
Rubbish statement.Pricesses would be undertaken legally to facilitate this.

Kwashiorkor ,malnourished economist...trite. !
Which President has said they have the authority to give licenses.
Rubbish statement.Pricesses would be undertaken legally to facilitate this.
Collins Adomako 1 year ago

You fuuul ooo professor paaa

You fuuul ooo professor paaa
Usman adam 1 year ago

Yet they can declare war.

Yet they can declare war.
Frederick Dzotepe 1 year ago

But president has authority to close banks . Useless analysis.President has authority to close radio stations. Political professor give us break. Where were you when Nana addo was busy collapsing his political opponents banks ...
read full comment

But president has authority to close banks . Useless analysis.President has authority to close radio stations. Political professor give us break. Where were you when Nana addo was busy collapsing his political opponents banks.

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

Business

No president has the authority to issue banking licenses – Professor Boadi

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (44)

Read Comments Comments (44)