Business News of Friday, 21 May 2021Source: www.ghanaweb.comOn May 21, 2018, President Nana Addo Dankwa Akufo-Addo stated that it is inappropriate for foreign-owned banks to dominate the banking sector. According to him, it is important indigenous banks are taken care of to withstand any shocks in the banking sector. Nonetheless, it is important that the regulator recognises that a banking sector dominated by foreign-owned banks does not bode well for the Ghana Beyond Aid project." Nonetheless, it is important that the regulator recognises that a banking sector dominated by foreign-owned banks does not bode well for the Ghana Beyond Aid project,” President Akufo-Addo said. He continued, “It is essential that indigenous banks grow and survive in any meaningful reform of the banking system.