Business News of Tuesday, 26 November 2019Source: 3news.comBoG directs banks to publish salaries of top personnelGovernor of the Bank of Ghana, Dr Ernest AddisonThe Bank of Ghana has indicated its resolve to scrutinize compensation package policies of universal banks to ensure that remuneration for key management personnel including Chief Executive Officers are linked to the performance of the banks and quality of its assets. Stakeholders and the public have been mounting pressure on regulators to curb the perceived excesses in executive pay level and arrangements. Very shortly afterwards in July the same year, the regulator reversed the new guidelines which attracted a lot of public uproar. Nigerians believed the Central Bank of Nigeria was coerced to protect its colleague bankers. The move by the Bank of Ghana to get universal banks to link compensation of bank executives with the overall performance of the bank is expected to ensure these executives earn their salaries as it is with all other employees of the bank.

Source: GhanaWeb November 25, 2019 20:26 UTC