Comments on: Dep. Finance Minister designate warns against cap on banks https://citifmonline.com/2017/03/dep-finance-minister-designate-warns-against-cap-on-banks/ Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz Wed, 29 Mar 2017 12:32:00 +0000 hourly 1 https://wordpress.org/?v=6.0.8 By: S. Bediako-Asante https://citifmonline.com/2017/03/dep-finance-minister-designate-warns-against-cap-on-banks/#comment-451 Wed, 29 Mar 2017 12:32:00 +0000 http://citifmonline.com/?p=306032#comment-451 The Banking sector should NOT be treated like any other sort of business, where anybody having the means is allowed to venture. It SHOULD BE SEEN AS A SPECIALIZED AREA OF VENTURE, and therefore the need for restrictions and strict regulations.

Capping is very necessary, especially at this time when almost ALL the existing Banks(37) are chasing the same customers, leading to one customer having accounts with 5 or 6 Banks with meager transactions and funds.

I really side with Mr. Adu Boahen that universal banks must mean as such, with them having branches throughout the country.

The minimum capital of these Banks should be such that they must be able to vouch for big ticket transactions, and to compete globally; hence the need for mergers and acquisitions.

Sambed Consult.
Tel. 0277518634

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