By Cédric T.
The Bank of Ghana (BoG) rejected accusations that it played a direct role in the selection of the five banks for recapitalization under the Ghana Amalgamated Trust Limited (GAT) program.
It is indeed a “special-purpose vehicle” announced by Ken Ofori-Atta, the Minister of Finance, to support solvent and well-run local banks, which had difficulties meeting the new requirements. by the central bank. The initiative allows pension funds to inject some GHG 2 billion into selected institutions.
“We did not play a direct role, but we supported the initiative,” said Dr. Ernest Addison, Governor of the Central Bank.
Banks that benefited from the program include the Agricultural Development Bank (ADB), the National Investment Bank (NIB), OmniBank Ghana Limited / Sahel Sahara Bank Ghana (OmniBank / BSIC), Universal Merchant Bank (UMB) and Prudential Bank.
