Bank of Ghana needs recapitalisation – study
Economist says measure could be funded through natural resources and remittance payments
Since 2022, the Bank of Ghana has been overseeing the recapitalisation of the country’s lenders. However, a Ghana-based economist now thinks the central bank is in “urgent” need of recapitalisation itself.
In an academic study, published in full in newspaper Business and Financial Times, Richmond Atuahene – former director of banking operations at the National Banking College in Accra – says the Bank of Ghana’s negative capital debt restructuring three years ago constituted a major setback for
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