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Expert Warns Ghana: Hasty Bank License Reinstatement Risks Stability

2/22/2025

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Summary

Story summary

Professor Peter Quartey, Director of ISSER, has issued a stark warning to the Ghanaian government about the dangers of quickly reinstating licenses for local banks impacted by the financial cleanup. He stressed that a hasty approach could jeopardize the stability of the banking sector and undermine public trust in the economy, calling for careful evaluations before any actions are taken.

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Story summary

Professor Peter Quartey, Director of ISSER, has issued a stark warning to the Ghanaian government about the dangers of quickly reinstating licenses for local banks impacted by the financial cleanup. He stressed that a hasty approach could jeopardize the stability of the banking sector and undermine public trust in the economy, calling for careful evaluations before any actions are taken.