Business News of Wednesday, 15 January 2020Source: ghananewsagency.orgBanking sector clean-up exercise already yielding positive results - Deputy MinisterDr Charles Adu Boahen, Deputy Minister of FinanceDr Charles Adu Boahen, a Deputy Minister of Finance, on Tuesday, said the banking sector clean-up exercise was already yielding positive results. This, he said, led to the recording by mid-year, year-on-year after-tax profit growth of GHC 1.67 million, or 36 per cent, in 2019, reflecting the strong macroeconomic fundamentals. “The banking sector clean-up has been successfully completed, making Ghana’s banking sector solvent, liquid and profitable,” he said. He said the Ministry remains committed to improving the understanding of the public about the role of monitoring and evaluation in strengthening good governance and accountability for results. There were also goodwill messages from various stakeholders including Dr Pierre Frank Laporte, the Country Director of the World Bank.

Source: GhanaWeb January 15, 2020 00:56 UTC