Ghana Needs Fewer Banks

interview

Ghana needs a smaller number of banks which are efficiently run. Thus, the Bank of Ghana's decision to slap a GHC400 million minimum capital requirement on universal banks should be seen as a blessing in disguise.

"Why do we need thousands of financial institutions, a country of about twenty what million?" Madam Aba Amissah Quainoo, Executive Director and Chief Consultant of Mel Consult, quizzed in a no-holds-barred interview before the weekend.

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