Regulatory Alerts2020-06-22
Bank of Ghana Guide for Financial Publication for Banks and Licensed Financial Institutions
The Bank of Ghana issued this guide to standardize financial reporting for banks, Specialized Deposit-Taking Institutions, and Non-Deposit-Taking Financial Institutions by aligning International Financial Reporting Standards with domestic prudential regulations. The document mandates specific treatments for loan impairment, collateral valuation, stated capital, and statutory reserves to ensure accurate Capital Adequacy Ratio computations. It further requires all regulated entities to publish condensed unaudited financial statements quarterly and audited annual reports in national newspapers and on official websites, with full compliance expected by 2018.
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