Ghana: BoG Governor Must Resign ... Ghanaians Suggest

-
 

The recent microfinance crisis has shaken public confidence in the Bank of Ghana (BoG) as some Ghanaians are calling on the Governor to step down, stressing that, his continuous stay in office would mean more trouble for the country's financial sector.

Under the leadership of Governor Dr. Henry Kofi Wampah, a number of financial institutions were accused of swindling depositors of their money through fraudulent schemes.

One particular microfinance company, DKM Diamond Microfinance Company, has squandered the about 77 million cedis of unsuspecting Ghanaians, making many depositors to lose their life savings and livelihoods.

Finance Minister, Seth Terkper last week told Ghanaian lawmakers that the company had invested the 77 million cedis of investors' deposits into their personal businesses.
Interestingly, BoG says DKM Diamond had misled the central bank by filing inaccurate information about its operations even though they are expected to play a strong supervisory role as the regulator of the country's banking sector including that of microfinance.

Comments

Post a Comment

Popular posts from this blog

'i am not ashamed of menstruating' Singer Fantana Respond to Flashing her sanitary Pad on stage

-
Image
Following the backlash that trailed her performance at Shatta Wale's Reign Concert over the weekend, Ghanaian singer,  Fantana  has now released a statement.  The singer stated that she is not ashamed of being a woman and also mesntruating. Her statement read in part;  "Regardless of my costume being transparent, my only option was to put on a sanitary pad and still go ahead to perform. I am a woman and I’m not ashamed of menstruating. "I want to urge every woman to resist being discriminated against because of menstruation. I hope some people read wide and learn about menstrual health to stop the stereotype against young girls and women. "Yes my menses appeared 30 minutes to my performance and I had to put on a sanitary pad and still go on stage. "Menstruation is not a shame and I urge all young women take a cue from my actions and not to let it stop them from doing anything they want to do."
read more..

The Police Bent On Killing Dino? Why Not Burn Down the House Already?

-
Image
Over the weeks now Nigerians are being saddled with the news about the police refusing to leave the premises of a serving Senator, Dino Melaye, but some Nigerians online expect that this over-zealousness at getting the Senator could possibly be used in securing lives and properties of Nigerians on a daily basis. What are his friends saying about this? why is there silence over this issue? Whose toes has the serving senator stepped on? According to Senator Ben Bruce he alleged that; officers of the Nigeria Police are making attempt to kill Dino Melaye with tear gas in his house. lawmaker representing Bayelsa East in the upper chamber of the National Assembly also wrote that the Police is aware of an ailment (Asthma) Senator Dino Melaye suffers from and so intend to either snuff him out or kill him right there in his resident. Ben Murray-Bruce ✔ @benmurraybruce #HappeningRightNow The @PoliceNG are currently at @dino_melaye ’s residence and are threatening to fire tire gas into the bu...
read more..