Despite the recent economic challenges faced by the country, the BoG has reiterated that the banking sector is strong and solvent enough to support economic growth.
The Bank of Ghana (BoG) has given an assurance that the banking sector is strong and solvent enough to support the country’s economic growth, despite the recent economic challenges that the country has faced.
The Central Bank said that the banking system has adequate liquidity and is in a good position to lend to individuals and businesses who need credit after the government’s debt exchange programme. The Second Deputy Governor of the BoG, Elsie Addo Awadzi, stated these at the launch of the “Absa SME loan at 10%” in Accra.
She said that the BoG will continue to work hard to build a resilient and robust banking sector that can support government’s fiscal policies and promote financial stability.