Bright Simons warns BoG’s ‘non-interest banking’ framework could create regulatory confusion

[ad_1] Bright Simons, Vice President of policy think tank IMANI Africa, has expressed strong reservations about the Bank of Ghana’s draft guidelines for regulating what it describes as “Non-Interest Banking,” cautioning that the framework could expose the sector to legal uncertainty, regulatory weaknesses, and operational challenges. In an article published on Saturday, December 13, reacting…

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Bright Simons questions appointment of Parliamentary Candidate as NIB MD

[ad_1] Bright Simons, the Vice President of IMANI Africa, has questioned the rationale behind appointing a parliamentary Candidate for the 2024 election to lead a financially troubled state institution like the National Investment Bank (NIB). Mr. Tweneboa Kodua Fokuo, the recently appointed Managing Director of NIB, is the governing New Patriotic Party’s Parliamentary Candidate for…

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Bright Simons: Does Ghana have a ‘Credit scoring’ system?

[ad_1] Vice President Dr. Mahamudu Bawumia The Genesis of the Affair A strange uproar has been rising on Ghanaian social media since the country’s Vice President announced during a speech at the country’s largest university that his government will introduce a credit scoring system next year. This revolutionary development aims to lower the perceived risk of borrowers so that…

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Bright Simons: Why the Bank of Ghana is guiltyBank of GhanaBright Simons: Why the Bank of Ghana is guilty

[ad_1] A Governor on the ropes Rattled by unprecedented demonstrations against his tenure by Ghana’s political opposition, the governor of the Bank of Ghana described the protestors as “hooligans”. The choice of language is uncharacteristic of Ghana’s suave and urbane leading central banker. When he was first appointed, few would have guessed that his term…

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