Past event

Research Event

Financial Sector Development in Ghana: Enabling Efficiency and Broad-based Growth

Chatham House, London

Africa Programme, Economic Growth and Investment

Event documents

Meeting Summary
pdf | 191.5 KB

Participants

Kweku Bedu-Addo, CEO, Standard Chartered, Ghana
Chair: Elizabeth Donnelly, Assistant Head and Research Fellow, Africa Programme, Chatham House

Overview

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.