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Banking Sector Reform Yielding Positive Results – Nana Addo

President Nana Akufo-Addo has said the measures taken by his administration and the Bank of Ghana to sanitise the banking sector are beginning to yield positive results.

Speaking at the formal opening of the new head office building of Cal Bank [Cal Bank Tower] on Wednesday, President Akufo-Addo stated that “at the end of the first quarter of 2019, the banking industry performance in total assets, total deposits and net loans and advances, all saw positive growth.”

According to the March 2019 Banking Sector Report of the Bank of Ghana, “an assessment of the banking sector’s performance during the first two months of 2019 showed a well-capitalized, profitable, liquid and stable sector with strong prospects for increased financial intermediation.”

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Written by Francis Brownson

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