The Managing Director of Societe Generale (SG) Ghana, has cautioned his colleagues not to go to sleep after successfully meeting the Bank of Ghana’s minimum capital requirement. According to Hakim Ouzzani, the increase in the stated capital which formed part of the banking sector cleanup is an indication of challenging times for banks. Mr Ouzzani […]
At least, three banks are disputing an independent report accusing them of failing to comply with International Financial Reporting Standards (IFRS) as required by law. The study which cited these banks and other companies listed on the Ghana Stock Exchange (GSE) found that the financial institutions provided inconclusive data or failed completely to provide their […]
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