The Governor of the Bank of Ghana, Dr Ernest Addison, has been named by GlobalMarkets, a newspaper published digitally to cover the Virtual IMF/World Bank Annual Meeting 2020, as the Central Bank Governor of the Year for Sub-Saharan Africa.
The award is in recognition of the Governor’s exceptional leadership in managing the coronavirus pandemic, which has seen the central bank introduce a raft of measures aimed at supporting government’s transformational agenda and ensuring the safety and soundness of Ghana’s financial sector.
According to the GlobalMarkets, “The Ghanaian central bank has drawn praise for its shrewd handling of the coronavirus crisis. The bank was able to accelerate its monetary policy loosening in order to support the economy.
"As well as cutting the key interest rate to 14.5%, the central bank also eased lenders’ reserve requirements, making it easier for banks to provide liquidity to sectors hit by the virus. This, and the reduction in banks’ conservation buffer, have helped to keep the Ghanaian economy afloat.
"The decisions you have taken have been well received by international investors and will support the economy’s recovery once the worst of the crisis has abated”.
The GlobalMarkets awards recognises the achievement of the world’s top policymakers.
Latest Stories
-
ShoreCare: KNUST students organise clean-up exercise at Allan and African beaches
3 hours -
Ejisu by-election was an election of inducement – Hopeson Adorye
3 hours -
Air Quality: World Bank unveils $1 billion guarantee to bolster clean air projects globally
4 hours -
Dumsor Diaries: The struggle of tailors and seamstresses to make ends meet
4 hours -
Chiefs standing to greet the president at public events is apt – Chieftaincy Minister
4 hours -
60 farmers in Kumasi receive training on traditional leafy vegetables
4 hours -
MP who allegedly bribed EC agents must be arrested – Mustapha Gbande
5 hours -
NPP’s Kwabena Boateng leading in Ejisu by-election
6 hours -
Dominic Obour: Beware of rented media and socio-political liars
6 hours -
Partnership launched to provide pensions for small-scale farmers
6 hours -
Ejisu by-election: Why would I bribe election officials in public? – asks Kingsley Nyarko
7 hours -
Vinicius scores twice as Real Madrid draw against Bayern in Germany
7 hours -
I’m doing well – Amerado assures fans after stage mishap
8 hours -
EC asks police to start criminal investigation into Ejisu by-election ‘white envelope’ bribery allegation
9 hours -
LPG Marketers Association kicks against NPA’s $80 per metric ton levy on LPG
10 hours