Chamber of Commerce commends BoG over banks recapitalization

The President of the Ghana Chamber of Commerce and Industry, Nana Appiagyei Dankawoso I, has commended the Bank of Ghana (BoG) for taking steps to ensure that banks met the minimum capital requirement.

He said, the initiative was laudable as it would ensure the protection of the finances of the citizenry.

In an interview with the Ghana News Agency, Nana Dankawoso said, the measure would bring sanity into the banking industry.

“Bank of Ghana is doing all these to bring some high level of confidence in the public. If the banking industry is rotten, it means that businesses cannot thrive the way they are supposed to, so I think the BoG has done a great job,” he said.

He urged the citizenry to support the Government in its endeavor to sanitize the banking system.

“I think the exercise is good and we must all support it,” he said.

Source: GNA