The Bank of Ghana (BoG) is in discussions with the Ministry of Finance to initiate a clean-up of the Specialised Deposit-Taking Institutions (SDIs), the Governor, Dr Johnson Asiama, has said.
The clean-up, he noted, would cover micro finance institutions (MFIs) and rural banks.
As part of the clean-up, there is expected to be mergers, acquisitions to strengthen the sector.
Dr Asiama made this known during the 123rd Monetary Policy Committee (MPC) press conference in Accra last Friday, emphasising the need to strengthen the SDI sector. "Yes, there has to be a clean-up of that sector.
