{"id":344980,"date":"2017-08-15T09:31:42","date_gmt":"2017-08-15T09:31:42","guid":{"rendered":"http:\/\/citifmonline.com\/?p=344980"},"modified":"2017-11-10T10:42:44","modified_gmt":"2017-11-10T10:42:44","slug":"gcb-takeover-to-strengthen-banking-operations-first-atlantic-md","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/","title":{"rendered":"GCB takeover to strengthen banking operations \u2013 First Atlantic MD"},"content":{"rendered":"<p>Some bankers are upbeat about a turnaround in the operations of Ghana\u2019s banking sector with the enforcement of laws governing the industry.<\/p>\n<p>According to them, the Bank of Ghana\u2019s decision to enforce its laws in the revocation of the licenses of UT Bank and Capital Bank over their insolvency will transform operations in the sector.<\/p>\n<p>The Managing Director of First Atlantic Bank, Odun Odunfa tells\u00a0<strong>Citi Business News<\/strong>\u00a0banks will be compelled to re-strategise in order to solidify Ghana\u2019s financial system.<\/p>\n<p>\u201cOn the contrary, bankers and banking institution practitioners need to wake up to the responsibility to make sure that they run healthy organizations because they as investors and bankers will not get protection and that is also a good thing because by this, best practices will be enforced in the system,\u201d he stated.<\/p>\n<p>The central bank on Monday granted GCB Bank permission to take over the operations of UT Bank and Capital Bank as the two banks had failed to demonstrate ability to capitalize.<\/p>\n<p>Meanwhile Mr. Odun Odunfa has lauded the Bank of Ghana for what he describes as its proactiveness in protecting the interest of customers.<\/p>\n<p>\u201cI think it must be explained to the people so that it can enhance the confidence in the system in that when push comes to shove, Bank of Ghana and the regulators will stand up for depositors to make sure that their deposits are secured and that must be good news to the industry. Also the BoG has said this under this GCB cover that no depositor will lose his or her deposits.\u201d<\/p>\n<p>&#8211;<\/p>\n<p>By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some bankers are upbeat about a turnaround in the operations of Ghana\u2019s banking sector with the enforcement of laws governing the industry. According to them, the Bank of Ghana\u2019s decision to enforce its laws in the revocation of the licenses of UT Bank and Capital Bank over their insolvency will transform operations in the sector. [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,171,11],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GCB takeover to strengthen banking operations \u2013 First Atlantic MD - 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\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GCB takeover to strengthen banking operations \u2013 First Atlantic MD - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Some bankers are upbeat about a turnaround in the operations of Ghana\u2019s banking sector with the enforcement of laws governing the industry. According to them, the Bank of Ghana\u2019s decision to enforce its laws in the revocation of the licenses of UT Bank and Capital Bank over their insolvency will transform operations in the sector. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-15T09:31:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-11-10T10:42:44+00:00\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/\",\"url\":\"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/\",\"name\":\"GCB takeover to strengthen banking operations \u2013 First Atlantic MD - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2017-08-15T09:31:42+00:00\",\"dateModified\":\"2017-11-10T10:42:44+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GCB takeover to strengthen banking operations \u2013 First Atlantic MD\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GCB takeover to strengthen banking operations \u2013 First Atlantic MD - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/","og_locale":"en_US","og_type":"article","og_title":"GCB takeover to strengthen banking operations \u2013 First Atlantic MD - Citi 97.3 FM - Relevant Radio. Always","og_description":"Some bankers are upbeat about a turnaround in the operations of Ghana\u2019s banking sector with the enforcement of laws governing the industry. According to them, the Bank of Ghana\u2019s decision to enforce its laws in the revocation of the licenses of UT Bank and Capital Bank over their insolvency will transform operations in the sector. [&hellip;]","og_url":"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2017-08-15T09:31:42+00:00","article_modified_time":"2017-11-10T10:42:44+00:00","author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/","url":"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/","name":"GCB takeover to strengthen banking operations \u2013 First Atlantic MD - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2017-08-15T09:31:42+00:00","dateModified":"2017-11-10T10:42:44+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2017\/08\/gcb-takeover-to-strengthen-banking-operations-first-atlantic-md\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"GCB takeover to strengthen banking operations \u2013 First Atlantic MD"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/344980"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=344980"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/344980\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=344980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=344980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=344980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}