Banking sector cleanup: Allow the law to take its course – BoG Governor urges Parliament – Citi Business News
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Banking sector cleanup: Allow the law to take its course – BoG Governor urges Parliament – Citi Business News


Summary short_text

The Governor of the Bank of Ghana, Dr. Ernest Addison, has asked Parliament to allow the law to take its course in the ongoing legal tussle regarding the revocation of some financial institutions in the country.

According to Ernest Addison, running to Parliament to seek redress for the revocation of an institution's licence is not one of the processes laid down in law.

He further asked Ghanaians and Parliament to take a serious view at the GHS19 billion used to settle depositors whose funds had been locked up in the failed banks and SDIs.


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