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Ghana Charges CEOs Over Banking Crisis That Cost $2.2 Billion

  • Bailout of failed lenders cost state $2.2 billion in bailouts
  • Cleanup of sector follows years of poor governance, oversight
The Bank of Ghana stands in Accra.

The Bank of Ghana stands in Accra.

Photographer: Ruth McDowell/Bloomberg

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Ghanaian prosecutors charged the chief executive officers of two defunct lenders for alleged crimes that contributed to a banking crisis that cost the West African nation 12.5-billion cedis ($2.2 billion) in bailouts.