BoG spent over
(WorldNews Business)

The Bank of Ghana (BoG) may have spent over ¢5 billion in supporting “distress” banks, JOYBUSINESS gathered after going through the Central Bank’s financial reports over the past three years. In dollar terms, this amount might be equivalent to over $1 billion. It however, it is not clear for now, whether these funds went to all the banks or those commercial banks said to be in financial distress. Advertisement How did it start? The Central Bank under its lender of last resort function always...