Ghana holds first Financial Stability Council meeting

Council was established after central bank confronted crisis in commercial lenders

Bank of Ghana

Ghana held the first meeting of its Financial Stability Council on April 30, following a major crisis in the country’s banking that led to the central bank closing numerous lenders.

The council was created in December when the Ghanaian government passed the Fiscal Responsibility Act, which also created a Fiscal Council and the Financial Stability Council. Ghana is the second country in sub-Saharan Africa to establish such a council after Mauritius, according to the central bank.


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