President Akufo Addo has reiterated his Government’s commitment to maintaining financial stability and discipline in the management of the Ghanaian economy even in the upcoming election year.
Speaking at the Tank Palace Hotel on the theme, “Sustaining Financial and Economic Stability: the Key Priorities” at the 2019 edition of the Ghana Economic Forum, President Akufo Addo, indicated that his commitment to perusing right principles and conduct in the management of the economy is unwavering.
“I am committed to fiscal rectitude becoming an essential feature of our DNA in the management of our public finances and National economy” the President said.
Business Regulatory Reform Programme.
To ensure that this promise is kept, the President indicated that under his watch, government has introduced a business regulatory reform programme which is a three-year initiative coordinated by the Ministry of Trade and Industry and implemented in part with other stakeholders aimed at improving the business atmosphere in the country”.
“Consisting of seven (7) components, the programme will help Ghana to have one of the most transparently and efficiently regulated business environment in Africa” the President noted.
Central Bank Governor
Governor of the Bank of Ghana, Dr. Ernest Addison, in his speech observed that Government’s policies in the last 24 months particularly in the banking sector is yielding the right results.
“The economic indicators are good in terms of inflation, external account balances, reserves, GDP growth and business confidence” Governor Addison stated.
“If have not only made significant gains in stability through prudent monetary and fiscal policy, but also in regulatory and structural reforms particularly in the banking sector. Thus is key to unlocking the financial sector’s capacity to intermediate efficiently with increased access to credit in support of our country’s growth agenda” the central bank governor added.
CEO of B&FT
Dr. Edith Dankwa, Chief Executive Officer of the organizing institution, Business and Financial Times, said noting that “undoubtedly, the fundamentals of the Ghanaian economy has been put to severe test over the past few years due to factor that are both domestic and global” .
“However, the economy continues to be resilient. This is the time for us to sacrifice the fundamental of the economy to be strengthened and strongly resolve to maintain these gains irrespective of impending political seasons” Madam Dankwa admonished.
Agenda for the Forum
The agenda for the forum is divided into three plenary and three break out sessions. During the plenary session, attendees will examine topics such as sustaining macroeconomic stability through the election cycle: the 2020 test case, bridging Ghana’s financial gap through domestic capital generation and finally the critical role of stakeholders in sustaining financial stability: post financial sector clean-up issues.
The break out sessions on the other hand will delve in issues such as developing sustainable infrastructure for growth in a modern economy, building an agile and robust digital economy towards sustainable development and human capital for development for the next generation economy.