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Ghana’s central bank has revoked the operating licenses of two distressed local banks and transferred their deposits and selected assets to state-owned GCB Bank in order to protect financial stability, it said on Monday.

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What man in his right mind would date someone with so much baggage?The practice among early bankers of focusing on short-term commercial loans, which was understandable given the assets they had to choose from, eventually became the basis for a fallacious theory known as the “real bills doctrine,” according to which there could be no risk of banks overextending themselves or generating as long as they stuck to short-term lending, especially if they limited themselves to discounting commercial bills or promissory notes supposedly representing “real” goods in various stages of production.The real bills doctrine erred in treating both the total value of outstanding commercial bills and the proportion of such bills presented to banks for discounting as being values independent of banking policy (and independent of bank discount and interest rates in particular).Whether the single part was by way of divorce, breakup, death or choice, it was a big deal, and that changed you.I have lunches to make and doctor appointments to schedule.

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