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HeadlineFinancial sector reforms yielding positive results — Prez Akufo-Addo

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Financial sector reforms yielding positive results — Prez Akufo-Addo

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President Nana Addo Dankwa Akufo-Addo yesterday inaugurated the new 12-storey eco-friendly headquarters building of the Cal Bank, a wholly Ghanaian owned bank, in Accra.

The facility depends mainly on renewable solar power generated in-house, complemented by the national grid, while the water system for the building is from harvested rain and underground water.

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In an address at the ceremony, President Akufo-Addo stated that enough evidence abound that the recent financial sector reforms were yielding positive results.

He said as of the end of the first quarter of the year, total assets, deposits, loans and advances in the banking industry all saw positive growth, while the banks were well-capitalised, profitable, liquid and stable, with strong prospects for increased financial intermediation.

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