The Bank of Ghana (BoG) has withdrawn the licence of Premium Bank Limited for breaching sections of the Banks and Specialised Deposit Taking Institutions Act.
The Governor of BoG, Dr Ernest Addison announced this at a press conference Friday evening.
The central bank has also approved a purchase and assumption agreement with Consolidated Bank Ghana Limited to takeover the liabilities and selected assets of the now defunct two banks – Heritage and Premium.
more to follow…
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