{"id":460185,"date":"2018-05-24T15:39:11","date_gmt":"2018-05-24T15:39:11","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=460185"},"modified":"2018-05-24T15:39:11","modified_gmt":"2018-05-24T15:39:11","slug":"ghana-president-nana-akufo-addo-supports-central-bank-reforms","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/05\/24\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\/","title":{"rendered":"Ghana: President Nana Akufo-Addo supports central bank reforms"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>&#8220;We can not afford instability or recklessness in the banking and financial sectors. Because any loss of confidence in the banks can only produce a ripple effect on the stability of the economy as a whole.<\/p>\n<p>It is through this statement made at the opening of the 3rd CEO Summit of Ghana, in Accra on May 21-22, 2018, that Ghana&#8217;s President Nana Akufo-Addo affirmed her favorable position on the reforms undertaken by the Central Bank of Ghana (BoG). These reforms include the requirement for a minimum capital of 400 million Ghanaian cedis, or about 90 million dollars, for banks operating in the country.<\/p>\n<p>The Ghanaian president has announced that his government will support the BoG to take strong measures to correct the shortcomings in the provision of banking and financial services in order to maintain the stability of the economy.<\/p>\n<p>Akufo-Addo also estimated that a banking sector dominated by foreign banks does not bode well for the Ghana Beyond Aid program. &#8220;It is essential that local banks grow and survive all significant reforms of the banking system. I am convinced that the regulator is in favor, &#8220;he added, calling on the Central Bank to work on strengthening local banks.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>&#8220;We can not afford instability or recklessness in the banking and financial sectors. Because any loss of confidence in the banks can only produce a ripple effect on the stability of the economy as a whole. It is through this statement made at the opening of the 3rd CEO Summit of Ghana, in Accra on<\/p>\n","protected":false},"author":536501,"featured_media":460189,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12046],"tags":[13398,2872],"class_list":["post-460185","post","type-post","status-publish","format-aside","has-post-thumbnail","category-leaders-en","tag-ghana-en","tag-nana-akufo-addo","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ghana: President Nana Akufo-Addo supports central bank reforms - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2018\/05\/24\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana: President Nana Akufo-Addo supports central bank reforms\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/05\/24\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-24T15:39:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/05\/00371909_b97182f280623226fe53f435beb5f9d7_arc614x376_w614_us1-600x367.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"367\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jean-Mermoz Konandi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jean-Mermoz Konandi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\\\/\"},\"author\":{\"name\":\"Jean-Mermoz Konandi\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/f7e87efc1ab99d63f5a67e33445172c5\"},\"headline\":\"Ghana: President Nana Akufo-Addo supports central bank reforms\",\"datePublished\":\"2018-05-24T15:39:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\\\/\"},\"wordCount\":205,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/00371909_b97182f280623226fe53f435beb5f9d7_arc614x376_w614_us1-600x367.jpg\",\"keywords\":[\"Ghana\",\"Nana Akufo-Addo\"],\"articleSection\":[\"Leaders\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\\\/\",\"name\":\"Ghana: President Nana Akufo-Addo supports central bank reforms - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/ghana-president-nana-akufo-addo-supports-central-bank-reforms\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/00371909_b97182f280623226fe53f435beb5f9d7_arc614x376_w614_us1-600x367.jpg\",\"datePublished\":\"2018-05-24T15:39:11+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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