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We would put in jeopardy many of the breakthroughs we made in the economy if the authorities allowed these banks to suffer the impending Armageddon in the banking sector without letting the banks. ;Stop. [19659002] Unless the calm heads take it and the BOG receives the order to brake his horses, the end of December deadline for these small banks to reach the minimum deposit of 400 million GH ¢ at of the apex bank, thousands of Ghanaians will lose their jobs. The worsening of an already worrying unemployment situation can only be conjectured in such circumstances. This is independent of any interventions such as mergers and others, which are introduced to deal with the fallout.
The position of the President that whatever transformation is contemplated in the financial sector, the native banks should be spared should be in the view of the CDG to the extent that it considers its options. If the subtle warning of the President is not careful enough for the regulator, we do not do anything else.
So much has been said in the form of comments on this topic, including a petition from an badociation of universal banks to the President.
The factors that influenced the BOG's decision can not be dismissed as much as support for, or even listening to, indigenous banks.
An extension of the period is all that they demand and in our view According to the viewpoint, the regulator should impose them this important favor whose benefits have implications in terms of national security in the long run .
Native banks occupy a special place in our national interests. Unlike their foreign counterparts, their earnings stay here. The importance of keeping these foreign funds at the local level is too obvious to require a repeat here. It is enough to point out that the repatriation of foreign currencies by foreign banks is a factor of depreciation and often of fluctuation of the strength of our currency.
The role of these banks in providing specialized badistance to small traders and others who would not otherwise have banked, is huge. This has greatly helped to encourage more and more Ghanaians to make banks: the leverage that this development has had on the economy beyond the disputes.
Indigenous or universal banks brought innovations to the banks. who turned to the bank and even drawing credit facilities; something they would not dream of in foreign banks
Should we be frenetic in the enforcement of regulations to erase the gains already made in the operations of these banks? Some institutions must be allowed to stay whatever happens and our local financial institutions fall into this category because of the long-term inherent leverage.
The banking and financial program of the country's higher education institutions would not have recorded high demand time, but for job offers in the native banks. One of the spin-offs of a BOG hammer on the banks studied is a natural tightening of demand for programs and spinoffs on the economy (1965, P.getElementsByTagName (s) [[0]; if (d.getElementById (id)) return; js = d.createElement (s); js.id = id; js.src = "http://connect.facebook.net/ en_GB / sdk.js # xfbml = 1 & version = v2.5 & appId = 125178819853 "; fjs.parentNode.insertBefore (js, fjs);} (document," script ", & quot; facebook-jssdk & quot;) );
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