Mr Kwesi Amissah-Arthur, Governor of Bank of Ghana, on Friday said granting of waivers of single obligor limit to banks to enable the importation of crude oil and petroleum products could not be continued.
He said the central bank grant those waivers reluctantly in the
past because it amounted to abandoning the prudential norms that had
been introduced to minimized risks to banks.
“This practice cannot be continued. It should be possible for our
banks to grow to enable them finance large transactions or in the
event, to use syndication as a tool for handling occasional
extraordinarily lumpy transactions,” he added.
Mr Amissah-Arthur said this at the launch of the Ghana
Association of Bankers’ (GAB) Conduct of Business Standards (GABCOBS)
in Accra. The occasion coincided with the Annual General Meeting of
GAB.
Source: gna
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