The 24-Hour Economy Secretariat met with Bank of Ghana leaders to integrate the flagship policy into Ghana’s macroeconomic framework, as it shifts to operational rollout.
This consultation part of ongoing stakeholder engagements aimed to share policy details, gather feedback, and forge partnerships. Presidential Advisor Goosie Tanoh thanked the central bank for hosting its leadership and technical teams.
Tanoh stressed Ghana’s focus on a resilient economy built on stability, praising the Bank’s role in fostering growth, production, and exports. He positioned the 24-hour initiative as a micro-level boost to recent macro gains, like steady Treasury bill performance and falling inflation.
Key discussions centered on:
Food Security and Price Stabilisation Fund: To curb commodity volatility, tame food inflation, and bolster security, supporting monetary tools.
Financial Collaboration: 24H+ credit policies, enterprise financing, syndicated lending, balance sheet support (with due diligence), credit insurance, 24-hour loan regulations, FX hedging for SMEs, and digital finance platforms.
These talks are set to yield regulatory initiatives strengthening financial infrastructure for Ghanaian businesses.
Story by: Mercy Addai Turkson #ahotorfmonline.com