Banking clean up records a profit after tax of GH¢1.67bn – Akufo-Addo

President Akufo-Addo says the reforms to clean up the banking sector have recorded a profit after tax of GH¢1.67 billion.
This, the President added, is representing year-on-year growth of 36.3%, compared with 21.7% in the same period last year.
He speaking at the maiden edition of the chief executive officers executive forum in Accra.
President Akufo-Addo at the chief executive officers executive forum
He told the gathering that he has asked the Governor of the Bank of Ghana to interrogate the issue of high interest rates in Ghana, and how the problem could be addressed.
President Akufo-Addo stressed that the 3-year Business Regulatory Reform Programme introduced by his government will stimulate the growth and development of the private sector.

According to him, these reforms will complement and reinforce the strong measures that have been implemented for financial and economic stabilization.
The President stated that government’s policy approach to supporting the growth of the private sector in Ghana has been anchored on four key priorities.
This, he said, include stabilizing the macroeconomy, executing a financial sector reform programme, introducing pro-business policy and programme interventions under the ten point plan for industrial transformation and  comprehensive business regulatory reform programme.

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