Financial Sector Development in Ghana: Enabling Efficiency and Broad-based Growth
Ghana’s economic growth is expected to slow in 2015, for the fourth consecutive year, in the wake of an energy crisis and currency depreciation, and faced with high levels of public debt and fiscal imbalances. But the country’s long-term prospects remain strong and the economy is expected to recover, supported by strong institutions and growth in the industrial sector. A relatively robust financial sector continues to increase loans to the private sector and small and medium-sized enterprises (SMEs). The introduction of the Ghana Alternative Exchange and three successful eurobond issuances have bolstered this development.
Kweku Bedu-Addo will discuss the importance of the financial sector development for Ghana’s long-term economic aims, and how local and international financial institutions may contribute to increased efficiency and broad-based growth.