Volta Regional Minister, James Gunu, cuts sod for CHPS compound, classroom block at Agorgbe and Lakpo

The Volta Regional Minister, Hon. James Gunu, has cut sod for the construction of a CHPS compound with ancillary facilities...

Politics

Vice President represents President Mahama at Ahmadiyya Jalsa Salana in Winneba

Vice President Jane Naana Opoku-Agyemang has represented President John Dramani Mahama at the 93rd Jalsa Salana of the Ahmadiyya Muslim...

Politics

Statue unveiled at Dzelukope in honour of former President J.J. Rawlings

Hon. James Gunu has joined residents of Dzelukope in the Keta Municipality for the unveiling of a statue in memory...

Find ways to reduce interest rates to stimulate businesses, wealth creation – Asantehene to BoG boss Source: Kenneth Awotwe Darko 7 January 2026 1:43pm Listen to the article now 1.0x Audio by Carbonatix Audio By Carbonatix The Asantehene, Otumfuo Osei Tutu II, has challenged the Bank of Ghana (BoG) leadership to find creative ways to drastically lower interest rates to unlock domestic private investment. The monarch argued that the current cost of credit remains a crippling barrier to building a self-sufficient economy. Speaking during a historic courtesy call to the central bank’s headquarters on Wednesday, the Asantehene acknowledged recent improvements in inflation and exchange rate stability. However, he stated that these early gains would remain incomplete without a decisive shift in monetary policy to make borrowing affordable for Ghanaian businesses. Read also: ‘We mustn’t confuse improvement, with permanency – BoG Governor cautions amid economic gains “The challenge I leave with your creative brains," the Asantehene told the Governor, Dr. Johnson Asiamah, his deputies, and the Monetary Policy Committee, "is to fashion how you move the economy from the crippling high interest regime to the level where it becomes a stimulant of business and wealth creation.” His comments came just moments after the Governor had cautioned against confusing recent economic improvements with permanent stability, emphasizing that a strong currency must be earned continuously through a productive real economy. The Asantehene framed his appeal as a national economic imperative. He dismissed the notion that government spending or significant foreign investment could alone solve Ghana’s developmental needs, particularly in an era of global uncertainty. "No amount of investment by government on its own can scratch the surface of what we need,” he stated. "This moment calls for a massive push to stimulate domestic private investment in industry. That cannot happen with interest at the current level.” While noting that interest rates “have begun coming down,” the traditional ruler stressed that, based on past experience, the pace must be accelerated. The Governor, in his earlier remarks, issued a reminder that the recent stability and strength of the Ghanaian cedi, while encouraging, should not be mistaken for a permanent achievement. He emphasised that sustained economic discipline and productivity are the only true guarantors of long-term currency stability.

Politics

Mahama administration assures Ghanaians amid up to US$15,000 US visa bond sanctions

The Mahama Administration has assured Ghanaians that it is actively working to protect the country’s interests as the United States...

Crime

Police arrest two women over alleged assault of 12-year-old girl at La

The Accra Regional Police Command has arrested two women in connection with the alleged assault of a 12-year-old girl at...

Politics

The rule of law must stand above power” – Dr. Matthew Opoku Prempeh on Constitution Day

Dr. Matthew Opoku Prempeh has called on Ghanaians to renew their commitment to the ideals of the 1992 Constitution as...

Politics

Ghana, UK move to deepen ties towards Strategic Partnership – Ablakwa

Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, has hosted the British High Commissioner to Ghana, His Excellency Christian Rogg, at...

Politics

Vice President Jane Naana Opoku-Agyemang challenges students to pursue intentional leadership and academic excellence

Vice President Jane Naana Opoku-Agyemang has engaged thousands of students at the PENSA (Pentecost Students and Associates) Ghana conference held...

Politics

Government delegation pays homage to new Mampong Omanhene

A government delegation this afternoon paid homage to the newly installed Omanhene of the Mampong Traditional Council as he sat...

Otumfuo Osei Tutu II makes historic visit to National Police Headquarters

Politics

Holiday engagements boost community development efforts in Kwahu areas

The holidays were spent engaging with chiefs and community leaders in Obomeng, Kwahu Bepong and Asakraka as part of efforts...

Politics

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