Governor of BoG Addison welcomes Rapid Financial Sector Growth as Major Economic Achievement Under the 4th Republic

Governor of the Bank of Ghana, Dr. Ernest Addison, has described the rapid growth and development of Ghana’s financial sector as one of the country’s most significant economic achievements under the Fourth Republic.

He attributed this progress to a national drive to position Accra as the financial gateway to the West African sub-region.

“Arguably, one of the most key economic achievements of the country, especially under the fourth republic, is the rapid growth and development of the financial sector. Broadly, this was driven by the national drive to make Accra the financial gateway to the sub-region. This vision led to bold investments to transform this enclave of Accra into a financial hub,” he remarked.

Making the assertion at the inauguration of the Bank of Ghana’s new head office complex, The Bank Square, Dr. Addison underscored its importance as a national monument symbolizing the central bank’s pivotal role in Ghana’s economic transformation.

“The new head office complex is more than a physical structure. It represents a strong commitment to transforming the Ghanaian economy and highlights the critical role of the Bank of Ghana in the country’s development and history,” Dr. Addison stated.

The state-of-the-art facility, located in the heart of Accra, is designed to foster creativity, collaboration, and efficiency, enhancing productivity and driving the central bank’s success. Dr. Addison emphasized the role of The Bank Square as a hub for innovation, where groundbreaking ideas will emerge to shape the future of Ghana’s financial landscape.

“This building will enable our new generation of officials to thrive and achieve new heights in modern central banking. It is a significant investment in our collective future and a testament to what we, as a nation, are capable of achieving,” he added.

Dr. Addison concluded by reaffirming the Bank of Ghana’s commitment to fulfilling its mandate, expressing optimism that the new facility would enable the institution to perform its functions effectively while pushing the boundaries of central banking in Ghana.

The inauguration of The Bank Square represents a milestone in the Bank of Ghana’s evolution, serving as a symbol of the country’s progress and aspirations within the financial sector.

Source: Norvanreports