Standard Chartered bank

 Ghana’s central bank is tightening bank’s capital requirements because of banking crisis in the country. On 14th August, a deal was approved by the country’s central bank called the Bank of Ghana(BOG) to allow Ghana Commercial Bank (GCB)  to take over the deposits and some of the assets of UT Bank and Capital Bank. Because of “severe impairment” of capital, BOG announced that it had revoked the licences of the banks. Losing their licence  was a shock for all …