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.
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