2024 Bank of Ghana profit predicted due to higher cash reserves and improved loan-to-deposit ratios under Dr. Ernest Addison's policies.
Banking expert Dr. Richmond Atuahene predicts Bank of Ghana's profit in 2024 due to Gov. Dr. Ernest Addison's policies, including higher cash reserves. The central bank's March 2024 adjustment of the Cash Reserve Ratio based on loan-to-deposit ratios aims to improve banking sector liquidity and profitability. Despite $10.5B losses in 2023, Atuahene believes the increase in cash reserves will help mitigate losses.
June 08, 2024
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