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Financial cost of pandemic still mounting – BoG Governor

Governor, Bank of Ghana, Dr Ernest Addison Dr Ernest Addison, Governor of the Bank of Ghana (BoG) has stated that the human, health, economic, and financial costs of this pandemic are still mounting. He said Ghana was fortunate that the financial sector reforms introduced over the last three years strengthened the balance sheet of banks and improved their solvency. Delivering the keynote speech at the Ghana Association of Bankers (GAB) webinar on the topic: ‘Managing Banking Risks in Uncertain Times – COV ID-19 test case’ he said the Banking System in Ghana was better placed to absorb crisis and provide the financing needs of the economy as a result of the reforms including the recapitalisation of banks.

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