Ghanaian central bank closes two commercial banks
IMF staff called for action in February over problems at some commercial banks
The central bank of Ghana has placed two commercial banks into receivership and approved their takeover by the country’s largest bank.
UT Bank and Capital Bank have had their licences revoked because of “severe impairment of their capital”, the Bank of Ghana says in a statement dated August 14.
A new governor took over at the central bank in early April, two months after International Monetary Fund staff called on authorities to act over problems at some Ghanaian banks.
The central bank has
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