Leave your comment

Your email address will not be published. Required fields are marked *

25 Comments

  1. But the closing down of these financial institutions, is it appropriate? Does BOG consider what these investors will face when they shut down such institutions? Isn't there any other ways to go about these situations ?

  2. People do not put their monies in these banks because they do not know about banks with international brabches oo, it's because of the convenience; the fact that workers come around everyday to collect your savings without transportation fare or any interests.

  3. You expect that Ghanaians will learn. A group of Nigerians operated a fake American Embassy in this same country for over 10 years before they were caught. And you think it would be different for some Savings & Loans Company. LoL!

  4. Bank of Ghana can't actually be blamed here tho. The thing is so far as a business is registered under the companies act, it can operate. However, the nature of the business (as submitted to the registrar of companies) is what could have brought BoG on board early. The name of the company in question here too doesn't seem like a bank that's into deposit taking.

    They might have registered the company for something else and rather delve into deposit taking (regulated by the bank of Ghana)

  5. US is not easy. It’s hard there too taxes, racism and difficulty to find jobs due to many factors such as low qualifications because of bad academic reputation from Africa, no good network and different to save money