BoG has no prosecutorial powers to chase culprits

A financial analyst, Michael Dawson has said that the Bank of Ghana (BoG) cannot be blamed for the inadequate prosecution of persons whose actions and inaction led to the banking failures. He explained that the central bank lacks the prosecutorial authority to pursue these individuals. In his view, the BoG has done its part by cleaning up the sector to ensure a robust banking and financial industry. Prosecution of the culprits is now the duty of the state prosecutors, not the BoG, he said, addin...[Read More]