26.5 C
Accra
Friday, January 28, 2022
No menu items!

Ensure effective supervision to promote discipline in Banking Sector – President Akufo-Addo to BoG

Must Read

Ex-Nigeria coach Rohr might be a surprise candidate for the Ghana job

By Benjamin Willie Graham Former Nigeria coach, Gernot Rohr could have thrown his hat into the race for the Ghana...

Wearing ”G-Strings” could be problematic- Gynecologist

By Godfred Zina A Gynecologist, Dr. Kennedy Tettey Coffie Brightson, says women could get Virginal infections through the wearing of...

Analysts laud government’s move to cut budgetary expenditure by 20%

By Nathaniel Nartey As part of measures to ensure fiscal consolidation by the government, the expenditure budget of the various...

President Akufo-Addo has urged Regulatory bodies such as the Bank of Ghana (BoG) to see to the effective supervision of entities under their jurisdiction.

Speaking at the National Conference on the Implementation of the African Continental Free Trade Area, President Akufo-Addo asked the regulatory bodies to be up and doing in order to promote discipline in both  the public and private sectors.

He urged captains of industries to take advantage of the opportunities that AFTCA presents.

Ghana, was last month chosen by the Assembly of Heads of State and Government of the AU to host the Secretariat of the African Continental Free Trade Area (AfCFTA).

The three day National Conference brings together key stakeholders in Ghana to discuss national strategies to harness the benefits of the AFCFTA.

Participants include Senior Policy Makers, Parliamentarians, the Business Community, Academia, Representatives of Civil Society Organizations,Development Partners and the Media.

AfCFTA the world’s largest free trade area since the formation of the World Trade Organisation, will cover a market size of one point two billion people, with a combined GDP of two point five trillion dollars.

Fifty-four (54) Member States of the African Union have signed up to the Agreement. President Akufo-Addo was grateful to former Presidents Rawlings and Kufuor, Otumfuor Osei Tutu for taking up lead roles in campaigning to host the secretariat of AfCFTA.

He articulated his vision for Ghana beyond aid.

The President asked the regulatory bodies such as the Bank of Ghana to step up their supervisory roles.

Minister  of Trade and Industry, Alan Kyeremanteng said creating a single market for Africa will increase intra African Trade.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Ex-Nigeria coach Rohr might be a surprise candidate for the Ghana job

By Benjamin Willie Graham Former Nigeria coach, Gernot Rohr could have thrown his hat into the race for the Ghana...

Wearing ”G-Strings” could be problematic- Gynecologist

By Godfred Zina A Gynecologist, Dr. Kennedy Tettey Coffie Brightson, says women could get Virginal infections through the wearing of wrong underpants. According to him, wearing...

Analysts laud government’s move to cut budgetary expenditure by 20%

By Nathaniel Nartey As part of measures to ensure fiscal consolidation by the government, the expenditure budget of the various Ministries, Departments and Agencies, is...

Ghana FA License D Coaching Course Ends in the Volta Region

Tilda Acorlor The much anticipated Ghana Football Association (GFA) License D Coaching course scheduled for the Volta Region, successfully came to an end last Monday,...

Finance Ministry resolute; Maintains E-Levy at 1.75 %, says any reduction would impact projections

By Rachel Kakraba Deputy Minister of finance, Dr. John Kumah has justified the decision to stop the collection of road tolls in favour of the...

More Articles Like This