‘BoG saved GH¢11bn customers’ deposits’ – Second Deputy Governor
November 5, 2018
Elsie Addo Awadzie, Second Deputy Governor of the Bank of Ghana (BoG), has disclosed that interventions made by the Bank of Ghana (BoG) and the Ministry of Finance recently in the country’s banking sector, which culminated in the amalgamation of some five banks, among others, helped to protect about GH¢11 billion of customer deposits.
This covered deposits and placements of other financial institutions (i.e. banks, savings and loans, RCBs, MFIs, insurance firms, securities firms and fund managers, and pension fund managers).