Top Tweets for #FinancialSectorCleanUp
Are you worried about the rising public debt and the financial sector clean up levy 5% which experts say banks will transfer to customers? Join our conversation on #InsidePages on @metrotvgh. #budget2021 #risingpublicdebt #newtaxes #financialsectorcleanup #banks #Ghana

The financial sector resolution bond constituted GHS14.2 billion of our our debt stock, which is equivalent to 3.7 percent of GDP. #financialsectorcleanup
The Securities & Exchange Commission revoked the licences of 53 fund managers for the same reasons (bad corporate governance); government failures under Mahama
#FinancialSectorCleanUp
#4MoreForNana
President, @NAkufoAddo was deeply touched by the fervent cries of depositors, whose funds were converted into gov. backed-bonds. he held consultations with the Bank of Ghana to explore other ways of relieving these depositors.
#FinancialSectorCleanUp
#4MoreForNana
An amount of GH¢3.56 Billion has been made available by the Central Bank to pay cash to every depositor whose investments was converted into government-backed bonds.
#FinancialSectorCleanUp
#4MoreForNana
I want my money back @British_Airways for flights u cancelled. Not sufficient wedding cancelled, u r now sitting on money. @PayPal u think it’s ok to blackmark credit history because of this. @BBCWatchdog #financialsectorcleanup #COVID19Fraud
The NDC’s intervention to provide liquidity support to banks which were on the verge of collapse without effective supervision was catastrophic to say the least.
#financialsectorcleanup @Clickmanteaw
A regulatory crackdown on poor business practices and weak capital positions in Ghana’s banking sector has resulted in a series of market exits since August 2017.
#FinancialSectorCleanUp #4MoreForNana
“How can victims of the DKM microfinance scam demand that taxpayers’ money be used to reimburse them when their bad investment decisions had nothing to do with government?”-Asiedu Nketia to depositors/investors, 2015
#FinancialSectorCleanUp
2015 Asset Quality Review of Banks, exposed vulnerability of banks to the economic conditions at the time. The review further stated that if the affected banks had attempted to cater for all the bad loans, a significant number of them would have collapsed
#FinancialSectorCleanUp

@NAkufoAddo’s #FinancialSectorCleanUp has improved Ghana’s fixed-income market performance, investor confidence has been restored. With a trade volume of $37.8 billion in 2018, this figure shot up to $55.5billion [46.8% increase] in 2020.
#4MoreForNana
![DarkeyMustapha's tweet photo. @NAkufoAddo’s #FinancialSectorCleanUp has improved Ghana’s fixed-income market performance, investor confidence has been restored. With a trade volume of $37.8 billion in 2018, this figure shot up to $55.5billion [46.8% increase] in 2020.
#4MoreForNana https://t.co/wpjiitDbcC](https://pbs.twimg.com/media/EjkgIyMXsAA6be5.jpg)
“...supervisory and regulatory directives on corporate governance, financial holding companies and voluntary winding up of financial institutions, among others, will further enhance the stability and soundness of the sector.”-BoG boss.
#FinancialSectorCleanUp
#4MoreForNana

Management of the Consolidated Bank Ghana (CBG) says the accounts of all customers of defunct microfinance, savings and loans and finance houses have been fully credited with the cash value of their estimated bonds.
#FinancialSectorCleanUp
#4MoreForNana
https://t.co/MdOjSgCMvR
President @NAkufoAddo showed decisive leadership right from the onset by cutting the rot that had engulfed Ghana’s financial system...
#4MoreForNana
#FinancialSectorCleanUp
https://t.co/2RM6qUQUu6
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Hajia Bintu #BringBackTheLove King Sark Akufo-Addo Partey #DeadlineDay Sarkodie Mahama Black Stars #FinancialSectorCleanUp #NSMQsemifinals

No bank has collapsed. they were consolidated with much stronger banks; like GCB, and coming into stream of CBG.
#FinancialSectorCleanUp
Revoked banking licenses were in line with Sect. 123 of the Banks & Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which requires the BoG to revoke the licence of a Bank or SDTIs where the BoG determines that the institution is insolvent.
#FinancialSectorCleanUp
The @NPP_GH Gov’t earlier in Sep. 2020 released GHS3.56 billion in cash to fully settle depositor claims of 347 defunct Microfinance companies, 23 S&Ls firms & Finance Houses that were being settled with bonds; vote NPP to keep your deposits safe.
#FinancialSectorCleanUp
Having lost control over the fight to restore sanity in the banking sector, Mr. Mahama and the NDC sat aloof as the problem metamorphosed into a full- blown crisis.
#FinancialSectorCleanUp
@AbbanyawYaw @PantherLordGh @ikbonney
A total of 9 universal banks, 23 specialized deposit taking institutions and 386 microfinance and credit institutions, were on the verge of collapse when the NPP administration assumed power in 2017; we inherited this mess from the NDC.
#FinancialSectorCleanUp
@AbbanyawYaw
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