The US central bank chief sparred with legislators Wednesday over its responsibility for the weak economic recovery, bank regulations and its participation in international bodies. In often contentious, testimony lasting nearly four hours, Federal Reserve Chair Janet Yellen defended the Fed’s role in helping the US economy to rebuild after the worst crisis since the … Read more
In the years since the global financial crisis, Africa has witnessed a rapid expansion of cross-border banking, led by banking groups based in Africa that are spurring financial and economic integration and transforming the continent’s financial landscape. These institutions are occupying a space created by the retreat of several global bank groups from Africa in … Read more
The Bank of Ghana (BoG) has entered into a partnership with the International Finance Corporation (IFC) to promote sound corporate governance in the country’s banking sector. “I believe this laudable initiative will go a long way to engender sound corporate governance principles in our banking system, to further enhance public trust and confidence,” said the … Read more