The first edition of Joynews’ news analysis show for the year 2019 promises to be interesting and insightful particularly with all the controversies emerging following the Central Bank’s most recent updates on the banking sector.
Most banks have had to merge and or breakdown in recent times following the Bank of Ghana’s instruction to meet the new minimum capital or face specific sanctions.
Most recent to join the fray is Heritage and Bank Premium which had their operating licenses revoked and merged with Consolidated Bank Ghana Limited.
Groupe Nduome’s GN Bank has also been downgraded by the Central Bank into a savings and loans company.
Whilst panelists are likely to focus on these issues as part of discussions in today’s edition, the subject of some GH¢67 million recovered by the Auditor-General through surcharges will also feature.
The Auditor-General made progress in year 2018 in relation to Disallowance and Surcharge by successfully recovering a total of GH¢67.3 million into government chest.
The total of GH¢67,315,066.12 which has been recovered into government chest followed the issuance of 112 Surcharge Certificates to individuals and organisations within the year 2018.
The Auditor-General has since submitted its Special Report on the Disallowance and Surcharge as of December 30, 2018, to Parliament.
Watch a playback of the program here:
Banking Sector Reforms
Auditor General’s Report