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Only GHC849m retrieved from collapsed banks – Governor

Comment: Banking reforms.

2019-09-16 19:04:45
Comment to:
Only GHC849m retrieved from collapsed banks – Go

This is a classic PYRRHIC VICTORY! It's very sad that we have to do it this way. The cleanup didn't have to be done at the same time as raising the capital to those dizzy heights. Nor is it guaranteed that this will be the end all and be all of bankingreforms in GH.

The normal confidence that depositors have in banking will take years to regain. Just a single rumour that a bank has a problem will trigger a massive run on all banks, needlessly.

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