{"id":464312,"date":"2019-01-14T14:12:24","date_gmt":"2019-01-14T14:12:24","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=464312"},"modified":"2019-01-14T14:12:24","modified_gmt":"2019-01-14T14:12:24","slug":"ghana-bog-denies-interference-in-selecting-banks-for-special-rescue-program","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/01\/14\/ghana-bog-denies-interference-in-selecting-banks-for-special-rescue-program\/","title":{"rendered":"Ghana: BoG Denies Interference in Selecting Banks for Special Rescue Program"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p><strong>By C\u00e9dric T.<\/strong><\/p>\n<p>The Bank of Ghana (BoG) rejected accusations that it played a direct role in the selection of the five banks for recapitalization under the Ghana Amalgamated Trust Limited (GAT) program.<\/p>\n<p>It is indeed a &#8220;special-purpose vehicle&#8221; announced by Ken Ofori-Atta, the Minister of Finance, to support solvent and well-run local banks, which had difficulties meeting the new requirements. by the central bank. The initiative allows pension funds to inject some GHG 2 billion into selected institutions.<\/p>\n<p>&#8220;We did not play a direct role, but we supported the initiative,&#8221; said Dr. Ernest Addison, Governor of the Central Bank.<\/p>\n<p>Banks that benefited from the program include the Agricultural Development Bank (ADB), the National Investment Bank (NIB), OmniBank Ghana Limited \/ Sahel Sahara Bank Ghana (OmniBank \/ BSIC), Universal Merchant Bank (UMB) and Prudential Bank.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>By C\u00e9dric T. The Bank of Ghana (BoG) rejected accusations that it played a direct role in the selection of the five banks for recapitalization under the Ghana Amalgamated Trust Limited (GAT) program. It is indeed a &#8220;special-purpose vehicle&#8221; announced by Ken Ofori-Atta, the Minister of Finance, to support solvent and well-run local banks, which<\/p>\n","protected":false},"author":527180,"featured_media":464314,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000,11996],"tags":[14257,13398],"class_list":["post-464312","post","type-post","status-publish","format-aside","has-post-thumbnail","category-banks-insurance","category-finance-en","tag-bank-of-ghana","tag-ghana-en","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ghana: BoG Denies Interference in Selecting Banks for Special Rescue Program - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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