Business News of Friday, 31 January 2020Source: www.classfmonline.comEnforcement of BoG corporate guidelines: Some Board chairs, CEOs replacedThe Bank of GhanaSeveral board chairs and CEOs of banks have ended their tenure while board members who had served for prolonged periods have all been replaced, the Bank of Ghana has revealed. This comes after the enforcement of the new Corporate Governance Directives. As such, all the financial soundness indicators, measured in terms of earnings, liquidity, and capital adequacy remained strong. It said the total assets of the banking sector increased to GHS129.06 billion at the end of December 2019, representing a 22.8% year-on-year growth. Asset quality also improved significantly and the NPL ratio declined sharply to 13.9 percent in December 2019 from 18.2% in December 2018.

Source: GhanaWeb January 31, 2020 13:18 UTC