The Ghana Association of Banks (GAB) Governing Council has engaged the newly appointed Governor of the Bank of Ghana (BoG) in a high-level meeting to address critical challenges facing the country's banking sector.
The meeting, which was marked by congratulatory remarks and calls for stronger collaboration, covered key topics such as cash reserve ratio (CRR) reforms, correspondent banking relationships, fintech regulation, and FX liquidity.
One of the primary concerns raised was the current Cash Reserve Ratio (CRR), which banks argued was restricting financial intermediation and increasing operational costs.
The BoG Governor acknowledged the impact of the CRR and assured banks that a review was under consideration.
