Chartered Economist, Emmanuel Amoah Darkwa, has suggested the laxity in the law that regulates the banking sector has increased ponzi schemes in the country. In an interview with Kwame Tutu on Rainbow Radio 87.5FM, Mr Darkwa said, because the regulator, Bank of Ghana (BoG), has enforced sanctions where necessary, people have taken advantage and defrauding … Read more
Chartered Economist, Emmanuel Amoah Darkwa, has suggested the laxity in the law that regulates the banking sector has increased ponzi schemes in the country. In an interview with Kwame Tutu on Rainbow Radio 87.5FM, Mr Darkwa said, because the regulator, Bank of Ghana (BoG), has enforced sanctions where necessary, people have taken advantage and defrauding … Read more
Chartered Economist, Emmanuel Amoah Darkwa, has suggested the laxity in the law that regulates the banking sector has increased ponzi schemes in the country. In an interview with Kwame Tutu on Rainbow Radio 87.5FM, Mr Darkwa said, because the regulator, Bank of Ghana (BoG), has enforced sanctions where necessary, people have taken advantage and defrauding … Read more
The Bank of Ghana will commence the implementation of the Deposit Insurance scheme in the second quarter of 2018. Parliament in 2016 passed the Deposit Protection Act, which seeks to establish a deposit insurance (DI) scheme to protect depositors in the event of bank failure. The scheme, among other things, seeks to safeguard the savings … Read more
The Bank of Ghana (BoG) has cautioned the public against doing business with ponzi scheme, MMM. The caution comes after calls on the Central bank to halt the operation of the company following concerns over its credibility. It is not clear whether the Bank of Ghana (BoG) has stepped in to halt their operations as … Read more
About three critical legislations enacted by Parliament to guide the financial services sector and the management of public funds are set for amendment less than seven months into their passage. The laws: Public Financial Management law, Banks and Specialized Deposit-Taking Institutions law and the Deposit Protection laws have all been penned down for amendment in … Read more