The Daily Graphic agrees with Dr. Ishmael Yamson, a management consultant that the narrative on bank failures should shift from ownership to governance. It says if the discourse on bank failures continues along the lines of indigenous and foreign ownership, it will blur the real cause. The paper explains that the remaining banks with majority Ghanaian ownership have demonstrated commitment to good corporate governance and respect for banking regulations. Additionally, these banks match their foreign counterparts in service delivery, innovation and growth. The Graphic therefore urges the remaining banks to continue to place premium on the qualities that have ensured their survival while developing strong internal controls that will make them rub shoulders with their foreign counterparts.
The Ghanaian Times says government loses ¢120 billion annually due to non-implementation of the rent act which mandates landlords to pay eight percent of the amount received, as rent tax. This money, according to the paper, could contribute towards developments in many sectors. It lauds the decision by the Brong Ahafo Regional manager of the rent control department, to implement the Rent Act to mobilise revenue for government. The paper urges all other regional officers to do likewise. It also calls on government to expedite action towards reforming the rent act, as the country cannot continue to lose out on development.
