01 Feb Corporate Governance – Time to Wake Up
The year 2018 will go down in history as one that saw a substantial number of bank closures in the country, with a few other banks ‘tying the knot’ to meet the new minimum capital requirement by the deadline of December 31st, 2018.
After an unsettled year, the Central Bank is bound to be in cautious mode in 2019, balancing the effects of the closures on investor confidence, and its overriding duty of regulatory vigilance.
If nothing at all, the rapid demise of prominent banks in Ghana last year has brought to the fore the important role that Corporate Governance and Insolvency laws have to play in ensuring timely resolutions of problems of insolvent or financially distressed businesses. Click HERE to read newsletter…