BoG to sensitise microfinance institutions, public


The Bank of Ghana will established regional offices across the country to sensitise the public and players in the financial industry to enlighten them on banking and it policies, Head of the Licensing and Resolution Office at the Bank of Ghana, Joseph Frimpong-Manso said Tuesday.

Addressing the first Ghana Association of Saving and Loans Companies (GHASALC) stakeholders meeting in Accra, Frimpong-Manso said ,“We are going to [provide] sensitization programmes to the public and players in the financial sector to enlighten them on banking and its policies.”

“Some do not have the license from BoG to operate and tend to collaborate with others to work; this is not helping the industry hence the establishment of BOG regional offices,” he added.

The Bank of Ghana in October 2015 froze accounts of DKM Microfinance after the central bank placed a 120 day moratorium on the company for flouting the Banking Act.

But president John Mahama in his state of the nation address blamed the BoG for the crisis.


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