The Bank of Ghana says it is working assiduously to ensure the country’s economy regains stability sooner than later.
This is to ensure that the prices of goods and services remain stable or low, as well as a steady foreign exchange regime that will drive down the cost of doing business and living.
Speaking on behalf of the Governor of the Bank of Ghana at a programme organised by the Institute of Statistical, Social and Economic Research to improve access to digital financial platforms, Head of Research, Philip Abredu-Otoo, said the Central Bank is using other strategies including moral suasion to get financial institutions lend to businesses in these trying times.

“Our economy has been one of the best before COVID-19. But the virus has affected it such that we were recording low growth. However, even with this, Ghana could boast of a positive growth when other countries were contrasting.”
“Unfortunately when the economy was picking up again, then comes the Russia invasion of Ukraine which has affected the macroeconomic performance again”, he said.
Mr. Abredu-Otto added that “at the moment, the Bank of Ghana is working hard to ensure that we return the country to a stable macroeconomic stability. The Central Bank is also using other means like moral suasion to get institutions that we regulate to support businesses in a way to revive their operations” he noted.
The Institute for Social Statistical and Economic Research (ISSER) is undertaking a research to support women entrepreneurs in the digital financial ecosystem.
The move which is backed by the Bank of Ghana will make a policy intervention to government in providing a sustainable means in which women can improve their use of digital channels without any challenge.
Speaking to Joy Business after the launch, Director at ISSER, Professor Peter Quartey, said women led businesses have become integral part of the country's economy, hence the need to improve upon their access to digital channels.
The Bill and Melinda Gates Foundation sponsored Retail Finance Distribution(ReFIND) Research Initiative which is a four-year multi-million-dollar research aimed at deepening digital financial inclusion and improving women’s access to financial services in low-and middle-income countries.
Latest Stories
-
Afenyo-Markin challenges Ahiafor’s sub judice ruling, calls it ‘dangerous precedent’
25 minutes -
Mahama instructs Armed Forces to escort all vehicles in Bawku area
30 minutes -
African artists, global awards, and the fight for visibility
44 minutes -
This Saturday on Newsfile: GRNMA strike, ORAL probe into NSA, shut down of 64 radio stations
1 hour -
19 arrested in raid on drug and robbery dens at Kasoa Dominase, Onion Market
2 hours -
Luv FM High Schools Debate heats up as top schools advance to Round of 16
2 hours -
Asantehene urges chiefs to offer lands as equity for farming
2 hours -
GhanaFest Alberta 2025 launch ignites diaspora business momentum
2 hours -
22-year-old hearing-impaired man allegedly dies by suicide after rape accusation
3 hours -
CAETE 2025: MDF seals 10k jobs deal with China’s Yixintai Group
3 hours -
Climate Change: AGN Chair emphasises importance of Africa’s unity in global negotiations
3 hours -
TV stations risk prosecution over pirated content – Copyright Office warns
3 hours -
Anointed Engineering donates ‘Borla Macho III’ tricycle to support sanitation drive in Accra
3 hours -
CLOGSAG threatens strike in 2 weeks over delayed conditions of service
4 hours -
Resolve energy issues, don’t burden Ghanaians with new taxes – Tax Analyst
4 hours