GHANA: CENTRAL BANK MAKES DRASTIC INTERVENTION TO PROMPT BANK CONSOLIDATION
Tue, 20 August 2019
The central bank has taken drastic action to nearly halve the number of lenders putting at risk more than USD 1.6 billion in deposits to at least 70,000 investors. However, the action will prompt much-needed consolidation in Ghana’s over-crowded banking sector as lenders brace for the impact of more payment delays in the power sector.
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