The Banks and SDIs Act, 2016 (Act 930), according to Dr. Johnson Asiama, is presently being reviewed.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has disclosed that the Banks and Specialised Deposit-Taking Institutions (SDIs) Act, 2016 (Act 930), is currently under review to enhance the country’s financial stability framework.

According to Dr Asiama, the review seeks to clarify the central bank’s mandate in bank resolution, strengthen the legal basis for maintaining financial stability, and ensure an orderly and credible resolution regime within Ghana’s banking and credit system.

Source: newsthemegh.com