Business News of Monday, 6 January 2025
Source: www.ghanawebbers.com
Dr. Ernest Addison, Governor of the Bank of Ghana (BoG), has made a firm statement regarding the revoked banking licenses, asserting that none of the licenses will be reinstated for as long as he holds the position.
Dr. Addison's declaration comes in light of growing discussions around the bank license revocations that took place in previous years.
He emphasized that the decision to revoke the licenses was made after thorough scrutiny and in the best interest of the banking sector and the nation’s economy.
His comments signal a strong stance against any potential reinstatement of the revoked licenses, putting to rest any hopes from affected entities seeking a reversal of the decision.