Listen To The Indigenous Banks

The mood among players in the very important universal indigenous banks in the country is that of apprehension and despondency.

These banks, critical as they are, find the 31st December 2018 timeline by which to comply with a GH¢400 million minimum capital requirement by the Bank of Ghana harsh.

We have learnt that they have forwarded a petition to the President pleading for an extension. Considering the shortness of the timeline and the drawbacks of the available options opened to them, we would endorse their extension request.

The spectre of harsh measures to be applied in the face of non-compliance could result in dire multifaceted circumstances on the economy.

We are not at all oblivious to the good reasons informing the decision of the apex bank; some of which saw a swift intervention in the management of a distressed local bank.

Given the reality of exchange rate depreciation, among other factors, the apex bank’s decision is not one to be bastardised. The period is what needs consideration lest the indigenous universal banks are suffocated to death – the attendant fallouts too glaring to be listed here.

The role of these banks in the nurturing of many a typical small business which can hardly meet the requirements of the big names in the banking industry cannot be overlooked.

The rising number of graduates in banking and finance not forgetting majors in Business Administration Accounting option, look up to the openings afforded by these banks which under the circumstances are under threat unless the extension they so desire is considered.

We have observed a five-time increase of the minimum capital requirement since 2001 and think that it is one too many. We must be quick to add however, that we are not questioning the wisdom in such actions but are only seeking the indulgence of the apex bank to consider their request for extension so they can prepare sufficiently for compliance.

The 1990s increase in the phenomenon of private participation in the banking industry is strategic and we ignore this sane development to our economic peril.

It would be in our interest to consider the national interest when applying the rod in such matters.

Much as a merger of the indigenous universal banks has been touted in some circles as a solution to the challenge, we doubt the suggestion can achieve the goal envisaged. The minimum capital requirement in question is beyond two banks and given the short timeframe, the possibility of foreign investors, already nosing around the industry, taking over these banks is beyond dispute.

We do not think that the apex bank wants to see a large chunk of our economic activities ceded to the foreign investors as this would not inure to the national interest. After all, the compliance directive is supposed to be protective of the national interest against possible challenges which can be injurious to the banking industry and the economy as a whole.

It has been established that ten or so indigenous banks will not be able to raise the estimated GH¢2.8billion in equity from the market within the timeframe under review. The flotation in that direction as a possible option will suffer a painful repercussion should the good counsel against this be ignored.

As for the publicly listed banks raising the additional capital from the local capital market, the emerging effect would be too bad to be imagined.

Considering the foregone, therefore, we ask that the apex bank takes another look at the timeline with a view to granting the affected banks an extension. This would be in the overall interest of the economy and for that matter, Ghana as a whole.

Source: Daily Guide

Show More


  1. To enable personalized advertising (like interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. Those partners may have their own information they’ve collected about you. Turning off the personalized advertising setting won’t stop you from seeing Etsy ads or impact Etsy’s own personalization technologies, but it may make the ads you see less relevant or more repetitive. Are you looking for some really fashionable plus size party dresses? Well if the answer is yes then let us tell you, you have stopped by the right place. Couture Candy presents to you the most stylish and affordable plus size party outfits. Now whether you have a formal party or cocktail party, we have dresses for every occasion.
    PRETTYLITTLETHING © 2023 $26.00$21.00 Ad vertisement from Etsy seller Made from 89% recycled materials to support Plaid isn’t just for Clueless. The Airlift Magnified Plaid Intrigue Bra & High-Waist Legging Set is one of the most unique we’ve found. Plus, it’ll add some variety to your workout clothing. By signing up, you will receive Free People offers, promotions and other commercial messages. You are also agreeing to Free People’s Privacy Policy. You may unsubscribe at any time. High Waist Biker Shorts in Black We hear you: workout matching sets are EVERYTHING. When it comes to getting moving, you want to feel comfortable, cute, and badass! Workout sets are key. We took the leggings & bike shorts fabrics you love and made sports brato match.

  2. Whether you’re looking to restock your favorite liquid eyeliner or simply experiment with a bold new vegan liquid liner, Palladio’s got just what you need. Felt-tip liners are a popular product category for eyeliners because they’re incredibly easy to use. The Pat McGrath Labs Perma Precision Liquid Eyeliner is one of the best because it features a rich inky finish with a precision tip. Non Toxic. Clean. Vegan. Cruelty Free. Newbies, take note: a little practice in the mirror is needed in order to get comfortable. Pencil eyeliner is nice and smudgy—but liquid eyeliner is all about clean, swooping lines, and only professional calligraphers get it right on the first go. Make sure you have lots of damp q-tips on hand to fix any mistakes as you go.
    The fluid in the lymphatic system helps remove waste and toxins from body tissues. Some health conditions can cause lymph fluid to build up. Lymphatic drainage massages can benefit people with lymphedema, fibromyalgia, or other conditions. Lymphatic drainage speeds the removal of toxins and waste material that builds up in your lymphatic system. Bruising and hardness are common after liposuction, and lymph massage helps to eliminate them. It also improves blood flow, eases inflammation, and is an effective tool to reduce post-operative swelling. As a therapeutic massage, it also aids in the absorption of fats and fat-soluble vitamins from your digestive system. Therefore, your body can process fats more effectively. Along with a proper diet, this may help you avoid weight gain, which can compromise your liposuction results.

  3. Массажный цилиндр предназначен для профессиональных спортсменов всех видов спорта и кроссфита, в йоге, пилатесе, а так же просто для любителей массажа.  (круглосуточно) Массажный валик, валик для фитнеса – это необходимая вещь для каждого, кто занимается и не занимается спортом. Валик для фитнеса – это эффективный инструмент в борьбе за здоровое, подтянутое тело и ваш личный массажер. Скорее всего в вашем браузере отключён JavaScript. For the best experience on our site, be sure to turn on Javascript in your browser. Наши мышцы работают постоянно. Даже когда мы стоим или сидим, они выполняют свою работу. Что говорить о тех колоссальных нагрузках, которые выпадают на долю мышц на тренировках в бассейне и зале.  – Дима Михалев · Published 09.04.2020 · Last modified 10.04.2020 Ваш город: Изменить Самым популярным инструментом для самомассажа является фоам роллер. На сегодняшний день, на рынке роллеров существует большое количество продуктов, которые имеют множество характеристик. Они могут быть разного размера, жесткости, длины, с различными поверхностями и, соответственно, разного качества. Как тогда правильно выбрать фоам роллер, который максимально будет отвечать Вашим требованиям?
    Увлажняющие сыворотки для лица с гиалуроновой кислотой: рейтинг лучших по мнению женщин Прокрашивать все ресницы от корней до кончиков, удлинять и придавать изгиб способна тушь для ресниц Black Ecstasy от Giorgio Armani. Форма кисточки с щетинками разной направленности помогает прокрасить даже самые короткие ресницы, а четыре вида воска в составе отвечают за быстрое, легкое нанесение и объем. Цвет получится насыщенным черным благодаря специальному полимеру, который усиливает его глубину. Благодаря удобной кисточке тушь YSL Mascara Volume Effet Faux Cils позволяет вылепить эластичные ресницы совершенной формы — они выглядят подкрученными, разделенными и не слипаются. Кроме того, специальный витаминный комплекс в составе ухаживает за кутикулой, активируя рост ресниц, а усовершенствованная формула Lash Care при дополнительном наслоении продукта создает эффект драмы.

  4. Slot88 adalah provider slot online original buatan anak bangsa Indonesia yang kehadirannya disambut dengan hangat dan meriah oleh para bettor slot lokal di 77LUCKS. Standar yang dimiliki oleh Slot88 dalam pembuatan game slot online sudah setara dengan provider slot berkelas internasional yang berada di bandar judi slot online 77LUCKS. Saat mengunjungi halaman utama 77LUCKS, Anda akan melihat banyaknya persediaan game slot gacor yang bisa Anda mainkan. Terkadang hal ini membuat bingung para member dari 77LUCKS untuk memilih game slot online mana yang ingin dimainkan. Untuk membantu para bettor slot yang bingung dalam memilih game slot, maka 77LUCKS menghadirkan rekomendasi game slot online terpopuler yang bisa jadi pilihan Anda untuk dimainkan di bandar judi slot online terpopuler 77LUCKS: Slot88 adalah provider slot online original buatan anak bangsa Indonesia yang kehadirannya disambut dengan hangat dan meriah oleh para bettor slot lokal di 77LUCKS. Standar yang dimiliki oleh Slot88 dalam pembuatan game slot online sudah setara dengan provider slot berkelas internasional yang berada di bandar judi slot online 77LUCKS.
    Ruby Fortune’s casino app and mobile site provides players largely the same features available on its desktop site. This includes bonuses, customer service and access to most of the casino games including the live casino, which have been mobile-optimized. Moreover, players will find the game variety available at Ruby Slots casino mobile application quite remarkable. Here, players can play video poker, classic table games, and a huge slots selection among others. Basically, at this casino, there is something to suit everyone’s tastes and preferences. Signing up with us means that you’ll get the entire gaming experience perfectly wrapped in the fastest, slickest casino app Android players have tested yet. While the mobile casino does not employ plentiful withdrawal methods, it supports only the most trusted ones. The Ruby Slots Casino app allows its registrants to withdraw via several payment solutions, including Bitcoin, Bank Wire, and Bank Checks. Of all these, we would select Bitcoin because it features the lowest minimum limit on withdrawals, and more precisely $100. In addition, mobile players receive their profits within 24 hours following casino approval.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button