Dr Papa Kwesi Nduom, Chairman of Groupe Nduom, says the Bank of Ghana should be strengthened with the requisite resources to support small local banks in Ghana.
According to him, Ghana’s banking sector was in a crisis of poor regulatory work by the Central bank, particularly as Ghana’s banking industry was one of the most profitable industries.
Speaking at the 5th Today Annual Lecture, organised by the Today Newspaper, one of the media subsidiaries of Groupe Nduom, he noted that it was regulatory work that strengthened small banks.
Making reference to regulatory work in the United States of America, he explained that regulation in that parts of the world was regular with reviews and prompt feedback that was oriented towards identifying what the bank lacked and helping to find a way to correct those challenges.
