Ghana: BoG, Finance Ministry Discuss Clean-Up of Micro-Finance Institutions, Rural Banks

The Bank of Ghana (BoG) is in discussions with the Ministry of Finance to initiate a clean-up of the Specialised Deposit-Taking Institutions (SDIs), the Governor, Dr Johnson Asiama, has said.

The clean-up, he noted, would cover micro finance institutions (MFIs) and rural banks.

As part of the clean-up, there is expected to be mergers, acquisitions to strengthen the sector.

Dr Asiama made this known during the 123rd Monetary Policy Committee (MPC) press conference in Accra last Friday, emphasising…