Tag Archives: Why the BoG closed down Ideal

Why the BoG closed down Ideal, Midland, GN, Unicredit, 19 others

The Bank of Ghana has given detailed reasons on why it revoked the licences of 23 insolvent savings and loans companies and finance house companies. A statement issued by the BoG on Friday, August 16, 2019 said the revocation of the licences of the institutions had become necessary because they were insolvent even after a reasonable period within which the ...

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