• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, July 13, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Africa Central Banks Urged To Leverage Macroeconomic Managements

November 26, 2022
Stephen M.Cby Stephen M.C
in Economy
0
Africa Central Banks Urged To Leverage Macroeconomic Managements

Dr. Ernest Addison, Governor of the Central Bank

Dr Ernest Addison, the governor of Bank of Ghana (BoG), has encouraged the various African central banks to make use of prudent macroeconomic managements supported by growth oriented policies, for the successful implementation of the African Continental Free Trade Area (AfCFTA).

This statement was made when a speech was read on his behalf at the ‘Third CUTS International and GIZ Public Private Dialogue’ in Accra.

According to him, the rise in the average level of prices of goods and services, fall in value of domestic currencies and weak financial systems were likely to undermine the goals of the AfCFTA.

RelatedPosts

IMF Flags Ghana as High Risk for Debt Distress Despite Debt Being “Sustainable”

Mahama Commits to  Fix Port Bottlenecks to Drive 24-Hour Economy

Ghana Sinks to 29th in Africa’s Debt Management Rankings – World Bank Blasts Policy Failures

Dr. Addison stated that, the central bank of Ghana, is set to leverage predominant measures, deployed Inflation Target (IT) as the monetary policy framework to anchor inflation expectations, which would be critical to the stability of goods and services in a free trade area.

BoG will remain committed to fighting and bringing inflation under control while pursuing measures to stem the slide in the Ghana cedi, he added.

Dr. Addison also pointed out the need for the role of financial intermediaries in the promotion of inter-continental trade in Africa. Ensuring stable and resilient financial systems of member countries of the AfCFTA to manage internal and external shock was very necessary, he added.

In his speech, he advised that, the process of leveraging technology to digitise the payment landscape could speed the process of digital transformation, and enhance the cross-border trade in the AfCFTA as expected.

“Emerging financial technology firms (FinTechs) are driving the digital transformation of financial services across the continent and have provided opportunities to advance the payment and settlement systems which is critical for financial sector development. African central banks can support this drive by building the required financial infrastructure, together with supportive regulatory frameworks.”

Dr Ernest Addison

Dr. Addison further stated that, Ghana’s interoperability platform, which allows direct and seamless transfer of funds from one’s mobile money wallet to another money wallet, as well as links to bank accounts has created a level playing field for individuals with or without bank accounts to undertake transactions. “It is rapidly promoting financial inclusion in Ghana.” he stated.

Participants in the programme 1 1
Members of the Meeting

SMEs Urged To Leverage AFCFTA

 Dr. Addison advised Small and Medium Scale Enterprises (SMEs) to take advantage of the opportunities offered by the AfCFTA, to ramp up production and expand trade to other African countries.

Mr Samuel Ato Yeboah, a member of the technical team of AfCFTA, in his presentation expressed that, the free opportunity offered by AfCFTA to African countries to trade with the European Union (EU), was not strongly exploited.

“I call on government to create an enabling environment for businesses to thrive, especially by implementing stringent measures to control inflation.

 “Without products we cannot trade, rather, we will end up importing what others are producing. Consequently, our little foreign exchange will go down the drain due to inflation.”

Mr Samuel Ato Yeboah

Mr Ato Yeboah called for an intervention from international fronts and the government of Ghana, in order to break the poverty cycle faced by SMEs.

“The recent support from the International Monetary Fund (IMF) and the YouStart programme spearheaded by government are some interesting interventions that SMEs are happy about,” he said.

READ ALSO: Gov’t To Review E-Levy Rate To 1%, Increase VAT By 2.5%

Tags: AfCFTADr. Ernest AddisoninflationMacroeconomic ManagementSMEs
Please login to join discussion
Previous Post

GPRTU Dissatisfied With Budget Reading

Next Post

IEA Expects MPC To Hike Policy Rate To 26.5%

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Kow Abaka Essuman, Violence, President
General News

Ayawaso Lessons Resurface Amid Fresh Concerns Over Political Violence

July 13, 2025
Ablekuma North rerun raises questions on anti-vigilante laws
General News

Aboagye Faults Anti-Vigilante Law Post Ablekuma North Rerun Violence

July 13, 2025
AratheJay Opens Up About His Music Journey
Entertainment

AratheJay Opens Up About His Music Journey

July 12, 2025
IMF Team to Arrive in Ghana for Talks on Economy and 2025 Budget
Economy

IMF Flags Ghana as High Risk for Debt Distress Despite Debt Being “Sustainable”

July 12, 2025
Sudan Urges ICC Probe Into Foreign Interference
Africa

Sudan Urges ICC Probe Into Foreign Interference

July 12, 2025
NPP blamed for defeat in Ablekuma North rerun
General News

Basintale Criticizes NPP’s Poor Strategy In Ablekuma North 

July 12, 2025
Kow Abaka Essuman, Violence, President
General News

Ayawaso Lessons Resurface Amid Fresh Concerns Over Political Violence

by Silas Kafui AssemJuly 13, 2025
Ablekuma North rerun raises questions on anti-vigilante laws
General News

Aboagye Faults Anti-Vigilante Law Post Ablekuma North Rerun Violence

by Lilian AhedorJuly 13, 2025
AratheJay Opens Up About His Music Journey
Entertainment

AratheJay Opens Up About His Music Journey

by Esther Korantemaa OffeiJuly 12, 2025
IMF Team to Arrive in Ghana for Talks on Economy and 2025 Budget
Economy

IMF Flags Ghana as High Risk for Debt Distress Despite Debt Being “Sustainable”

by Stephen M.CJuly 12, 2025
Sudan Urges ICC Probe Into Foreign Interference
Africa

Sudan Urges ICC Probe Into Foreign Interference

by Lawrence AnkutseJuly 12, 2025
NPP blamed for defeat in Ablekuma North rerun
General News

Basintale Criticizes NPP’s Poor Strategy In Ablekuma North 

by Lilian AhedorJuly 12, 2025
Kow Abaka Essuman, Violence, President
Ablekuma North rerun raises questions on anti-vigilante laws
AratheJay Opens Up About His Music Journey
IMF Team to Arrive in Ghana for Talks on Economy and 2025 Budget
Sudan Urges ICC Probe Into Foreign Interference
NPP blamed for defeat in Ablekuma North rerun
[/vc_row_inner]

Recent News

  • Ayawaso Lessons Resurface Amid Fresh Concerns Over Political Violence
  • Aboagye Faults Anti-Vigilante Law Post Ablekuma North Rerun Violence
  • AratheJay Opens Up About His Music Journey
  • IMF Flags Ghana as High Risk for Debt Distress Despite Debt Being “Sustainable”
  • Sudan Urges ICC Probe Into Foreign Interference
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.