Audio By Carbonatix
The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, has outlined six key approaches he plans to implement as the new governor, aimed at strengthening the bank and financial institutions in the country.
Speaking at the Jubilee House on Tuesday, 25th February, after being sworn into office alongside his First Deputy Governor, Dr Zakari Mumuni, Dr Asiama shared his vision for the banking sector.
Among the six transformative initiatives are: the enactment of a new foreign exchange law to replace the current Foreign Exchange Act 2006 (Act 723), recalibrating monetary policy strategies, discontinuing the use of differentiated cash reserve requirements, improving communication, and preserving exchange rate stability to limit excessive volatility in rates.
Read also: Protect the independence of the Bank of Ghana – Mahama tells Governors
Latest Stories
-
Netherlands returns 3,500-year-old looted sculpture to Egypt
37 minutes -
‘Trump’s psyche’: The aide driving president’s most controversial policies
48 minutes -
Algeria begins to cancel air services agreement with UAE
60 minutes -
Gunmen kill three people and abduct Catholic priest in northern Nigeria
1 hour -
‘I have not been the best dad lately – 2Face
4 hours -
Why top Nollywood stars were banned – Omotola Jalade Ekeinde
4 hours -
‘We don’t need to be best friends’ – Omotola speaks on alleged feud with Genevieve
5 hours -
MTN FA Cup: Defending champions Kotoko knocked out by Aduana
5 hours -
Why I no longer go clubbing – Davido
5 hours -
S Korean crypto firm accidentally pays out $40bn in bitcoin
5 hours -
Washington Post chief executive steps down after mass lay-offs
5 hours -
Iranian Nobel laureate handed further prison sentence, lawyer says
5 hours -
U20 WWCQ: South Africa come from behind to draw against Black Princesses in Accra
5 hours -
Why Prince William’s Saudi Arabia visit is a diplomatic maze
6 hours -
France murder trial complicated by twin brothers with same DNA
6 hours