Adu Jnr

Banker Advocates US$200m Capital For Banks

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Frank Adu Jnr, Managing Director of CAL Bank, has proposed an increment in the current minimum capital requirement for universal banks from GH¢120million to US$200million, to create larger banks that can undertake big-ticket transactions. This, according to him, would enable banks finance massive infrastructural developments such as airports, bridges, roads, ports and harbours. “I think … Read more

Issuing Local Dollar Bond Must Be Measured- Economist Warns

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As the contention between some bankers and the Finance Minister continue over the issuance of local dollar denominated bond, Economist, Dr. Eric Osei-Assibey has warned that issuing such bonds must be measured. Criticizing the Finance Minister, the Managing Director of Stanbic Bank, Alhassan Andani cautioned that the move could lure Ghanaians to convert their local … Read more