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Home Tag Samuel Okudzeto Ablakwa

Tag: Samuel Okudzeto Ablakwa

Ghana, US deepen bilateral ties, agree on key cooperation priorities for 2026

Ghana, US deepen bilateral ties, agree on key cooperation priorities for 2026

Ghana and the United States have agreed on priority areas for cooperation in 2026 following a high-level meeting held at ...

Okudzeto Ablakwa oversees VIP lounge refurbishment at Kotoka International Airport

Okudzeto Ablakwa oversees VIP lounge refurbishment at Kotoka International Airport

On his way to the MFA retreat on Saturday, Hon. Okudzeto Ablakwa stopped by the VIP Lounge at Kotoka International ...

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.

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 ...

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

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 ...

Ghana Institute of Architects partners Foreign Affairs Ministry for Ghana House design competition to promote national identity abroad

Ghana Institute of Architects partners Foreign Affairs Ministry for Ghana House design competition to promote national identity abroad

The Ministry of Foreign Affairs has announced the launch of the Ghana House Architectural Design Competition, a national contest aimed ...

Grenada to recruit Ghanaian nurses and health professionals under new Ghana–Grenada partnership agreement

Grenada to recruit Ghanaian nurses and health professionals under new Ghana–Grenada partnership agreement

The Government of Grenada has announced plans to recruit Ghanaian nurses and allied health professionals to address a critical shortage ...

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© 2025 Obaakro News - Breaking news in Ghana today | Website Designed by EnspireFX | Powered by StellerHost