{"id":154097,"date":"2015-09-23T08:36:59","date_gmt":"2015-09-23T08:36:59","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=154097"},"modified":"2015-09-23T08:36:59","modified_gmt":"2015-09-23T08:36:59","slug":"bog-close-to-approving-license-for-military-to-run-financial-institution","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/09\/bog-close-to-approving-license-for-military-to-run-financial-institution\/","title":{"rendered":"BoG close to approving license for military to run financial institution"},"content":{"rendered":"<p>The Bank of Ghana has confirmed to Citi Business News, it is only processing a savings and loans license for the Ghana Armed Forces and not a license to run a bank.<\/p>\n<p>[contextly_sidebar id=&#8221;CTcoFlzlTWw4TLe1GHV987mMjkZw50Pl&#8221;]This follows earlier reports that the military was considering running a bank to be cited in Burma Camp to serve the military officers and their civilian counterparts.<\/p>\n<p>The Former Director of Public Relations of the Ghana Armed Forces Col Mbawine Atintande last two years confirmed the report and called for public support.<\/p>\n<p>Following the announcement questions were raised about whether the army had the backing of the constitution to venture into such commercial activity.<\/p>\n<p>Renowned lawyer, Moses Foh Amoaning during the period threatened to drag the Bank of Ghana \u00a0and the Ghana Armed Forces to the Supreme Court if the army was granted full banking license.<\/p>\n<p>It&#8217;s unclear whether it will still go ahead with suit but the Governor of the Central Government Dr. Kofi Wampah says they are currently assessing a proposal for a savings and loans license from the military.<\/p>\n<p>Meanwhile the Ghana Armed Forces is yet to respond to the issue when contacted by Citi Business News.<\/p>\n<p>&#8211;<\/p>\n<p>By:\u00a0 Rabiu Alhassan\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Ghana has confirmed to Citi Business News, it is only processing a savings and loans license for the Ghana Armed Forces and not a license to run a bank. [contextly_sidebar id=&#8221;CTcoFlzlTWw4TLe1GHV987mMjkZw50Pl&#8221;]This follows earlier reports that the military was considering running a bank to be cited in Burma Camp to serve the military [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":154098,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BoG close to approving license for military to run financial institution - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2015\/09\/bog-close-to-approving-license-for-military-to-run-financial-institution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoG close to approving license for military to run financial institution - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The Bank of Ghana has confirmed to Citi Business News, it is only processing a savings and loans license for the Ghana Armed Forces and not a license to run a bank. [contextly_sidebar id=&#8221;CTcoFlzlTWw4TLe1GHV987mMjkZw50Pl&#8221;]This follows earlier reports that the military was considering running a bank to be cited in Burma Camp to serve the military [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2015\/09\/bog-close-to-approving-license-for-military-to-run-financial-institution\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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