• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Wednesday, December 6, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Opinion
  • Infographics
  • Listen To CitiFM
  • Watch Citi TV
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Opinion
  • Infographics
  • Listen To CitiFM
  • Watch Citi TV
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Akufo-Addo swears in 13-member Bank of Ghana board

Jonas NyaborbyJonas Nyabor
August 23, 2021
Reading Time: 2 mins read
ShareShareShareShare

President Nana Akufo-Addo has sworn in 13 members of the new board of the Bank of Ghana.

At a short ceremony at the Jubilee House on Friday, the president thanked the board for the work done so far and charged the board to discharge their duties effectively.

The president however expressed concern about the high interest rates in the country.

Nana Akufo-Addo said the bank must interrogate the issue, particularly why its policy rate is about 13% but commercial banks lend at over 20% interest.

“I’ll use this occasion to bring into focus a matter of great importance for the rapid growth of our economy, that is to urge the banks to interrogate the issue of high interest rates in Ghana and how the problem should be addressed to enhance the competitiveness of the private sector.”

“It is surely not right that the Central Bank’s Monetary policy rate stands at 13.5%, whilst the commercial banks lend to the private sector at rates of 21% and above. This is a gap we have to breach if we are to realize the vision of Ghana, whose economy is globally competitive. I believe the Bank of Ghana is best placed to lead this process of reflection and action,” the President said.

The new board is chaired by Dr. Ernest Addison, the Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari, First Deputy Governor of the Bank of Ghana, Mrs. Elsie Addo Awadzi, Second Deputy Governor of the Bank of Ghana, and Mr. Charles Kofi Adu Boahen, Minister of State at the Ministry of Finance.

Other members of the board include Dr. Kwame Owusu-Nyantekyi, Dr. Samuel Nii-Noi Ashong, Mr. Jude Kofi Bucknor, Mr. Joseph Blignam Alhassan, Mr. Andrew Adinorte Boye-Doe, Mrs. Comfort Ocran, Dr. Regina Adutwum, Ms. Angela Kyerematen-Jimoh and Professor Eric Osei Assibey.

ShareTweetSendSend
Previous Post

YFM launches prize-packed Brain Bank quiz show

Next Post

AstraZeneca vaccines to be deployed next week – GHS

Related Posts

General

AIESEC in Ghana honours long-serving board members at annual stakeholders’ dinner

December 6, 2023
Top Stories

Sam George accuses Majority of deliberately delaying anti-gay bill

December 6, 2023
Top Stories

NACOC intercepts truck loaded with 12,600 slabs of compressed cannabis at Dodi

December 6, 2023
Politics

Sam George flares up over LGBTQ+ bribery allegation

December 6, 2023
North Korean leader Kim Jong Un cried Sunday while asking women to have more kids
International

Kim Jong Un tearfully begs North Korean women to have more kids as birth rate declines

December 6, 2023
News

NPP grants Bawumia more time to choose running mate

December 6, 2023
Next Post

AstraZeneca vaccines to be deployed next week - GHS

TOP STORIES

Sam George accuses Majority of deliberately delaying anti-gay bill

December 6, 2023

NACOC intercepts truck loaded with 12,600 slabs of compressed cannabis at Dodi

December 6, 2023

Sam George flares up over LGBTQ+ bribery allegation

December 6, 2023
Load More
ADVERTISEMENT
Citinewsroom - Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2023 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Opinion
  • Infographics
  • Listen To CitiFM
  • Watch Citi TV
  • Videos

© 2023 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT