Players in financial ecosystem urged to collaborate to revive economy
The Managing Director of the Ghana Stock Exchange, Abena Amoah has reiterated the need for players within the financial sector to help resuscitate the Ghanaian economy.
According to her, collaborations among players within the financial ecosystem driven by ethical standards will help restore confidence to the local economy.
Ms. Abena Amoah made these comments at the 3rd Edition of the Money Summit organized by the Business and Financial Times under the theme: Africa’s Robust Financial Sector: The Catalyst for a Sustainable Economic Growth.
“We find ourselves in a critical juncture in our history. It is imperative that we explore the potential of our financial systems as catalyst for progress, prosperity and Sustainability. And to achieve this goal collaboration amongst us is paramount, government; regulatory bodies, financial institutions, private sector entities and civil societies must all work hand in hand,” she said.
“We need to foster a culture of transparency, integrity and accountability by strengthening government frameworks, enhancing risk management systems and prompting ethical behavior we can build a financial ecosystem that commands trust and attract Investment and stand the test of time,” she added.
On his part the Chief Executive Officer of the Business and Financial Times –B&FT, Dr. Godwin Acquaye highlighted the prevailing economic challenges confronting the country and prayed the Money Summit will offer solutions to mitigate some of these challenges
“The Money Summit seeks to enhance Investor confidence and bring together actors in the financial sector to provide solutions that will or can anchor investor confidence in the economy as well as ease the hardship and challenges of businesses and the average Ghanaian,” he said.
“Our exchange rate volatility is contributing largely to the uncertainty and lack of confidence in the economy. This we all know is mainly systemic as our imports as far outweigh our exports,” he added.
Source: Ghana Business
