The Bank of Ghana has directed banks and Specialized Deposit-Taking institutions to desist from charging some fees and charges, as well engaging in some practices it describes as unfair to the banking populace. The fees and charges, and practices identified by the central bank as unfair include, Credit Insurance Premium Overcharges, Maintenance Fees on Savings Account, Over the Counter (OTC) Withdrawal Charges as well as the requirement by some banks for borrowers to make them part owners in some assets they present for use as collateral for loans. OnCredit Insurance Premium Overcharges , the Central Bank says while it acknowledges the importance of holding credit insurance against eventualities such as death, permanent disability, and termination of employment, as a loss mitigating norm in credit management, a number of banks and SDIs take advantage of this, to overprice the premiums charged to customers, resulting in the increased cost of borrowing. It said going forward, banks ...