Dr Abdul-Nashiru Issahaku, the Governor of Bank of Ghana, said recent events had shown that unregulated and poorly supervised financial systems might lead to risky behaviours and undermine the growth process.
He said for this reason the Bank was taking steps to continually improve its regulatory and supervisory responsibilities to ensure that only strong and well-managed banks and microfinance institutions operated in the country.
Dr Issahaku made these remarks at the fifth Ghana Economic Forum in Accra.
The two-day forum, which is being organised by the Business & Financial Times, is on the theme: “A Ghanaian-owned Economy – Setting the Agenda for Achieving It.”
For more on this story visit the following link: BoG to uproot deceitful microfinance companies
Source: News Ghana