Actions Taken By BoG To Sanitize Banking System So Far, Way Forward (Infograph)

The Bank of Ghana (BoG) has recently taken a number of actions towards promoting a safer banking system in Ghana through improved regulatory standards.

BoG says the culture of regulatory leniency that once prevailed in the banking sector will not be countenanced going forward.

The Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi said the BoG’s statutory mandate which includes the responsibility to promote the stability of the financial system, and to protect the interests of depositors “is a responsibility the management of the Bank of Ghana takes very seriously.”

“In light of this, the culture of regulatory forbearance that once prevailed will not be countenanced,” she added.

Check out the infographics below on events in the banking sector so far and the way forward