Business News of Monday, 9 August 2021
Source: www.ghanaweb.live
Bank of Ghana revises directive for banks, SDI’s Mergers and Acquisitions
The Bank of Ghana Headquaters
•Banks and SDI's operating in the country will be issued a revised directive for Mergers and Acquisitions
•The central bank explained the move is aimed at safeguarding the interest of stakeholders in the financial sector
•The document by the central bank will be a revision of the 2018 Mergers and Acquisitions Directive
The Bank
Read full article is set to revise a directive with regards to Mergers and Acquisitions for Banks and Special Deposit Taking institutions operating in the country.
In business, mergers and acquisitions are often allowed for the injection of more capital into a particular business or entity to better position it for strategic growth.
According to the central bank, the revised directive is aimed at safeguarding the interest of depositors, creditors and the entire financial sector as a whole.
The document by the central bank will be a revision of the 2018 Mergers and Acquisitions Directive which will properly reflect the current market developments and address teething concerns of industry and donor communities.
