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Find solutions to high interest rates – President Akufo-Addo to BoG

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President Akufo-Addo has directed the Governor of the Bank of Ghana to interrogate the reasons behind high-interest rates despite the consistent reduction in the policy rate and help find workable solutions to end the challenge.

Addressing Chief Executive Officers at the maiden CEO Executive Forum under the government’s Public-Private Dialogue Mechanism in Accra, President Akufo-Addo reiterated government’s commitment to create a conducive environment for businesses to thrive.

Outlining some achievements of government in the last two years, the President said Ghana is presently on a path of growth and development and all must be done to sustain this renewed growth.

The forum which is being spearheaded by the Ministry of Trade and Industry seeks to create a platform where Chief Executives in the public and private sectors will engage government on key issues to inform policy decisions.
President Akufo-Addo, reiterating the pivotal role the private sector plays in the development of the economy, noted that the ‘Ghana Beyond Aid’ Agenda will be a success with support from the sector.
While citing measures put in place to deepen the economic gains made over the years, President Akufo Addo noted that the clean up of the financial sector has helped strengthen the sector.

However, the issue of high-interest rates still remains a challenge. It is for this reason that the central bank has been tasked to investigate the trend.

President Akufo-Addo noted that all economic indicators point to the fact that the country is on the right path to economic prosperity.

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Minister of Trade and Industry, Alan Kyeremanten

The Minister of Trade and Industry, Alan Kyeremanten in a remark, said the CEO Executive Forum, which will be a yearly affair, will engage others at the regional and district levels.

It will be climaxed with a Presidential Business Summit where a business compact will be signed with the private sector to deepen collaboration between the two stakeholders.

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