A five-member Consultative Committee made up of eminent financial services experts has been formed by the Ministry of Finance and the Bank of Ghana to oversee comprehensive stakeholder consultations across all of the major financial sector segments.
Mr. Albert Essien serves as the committee’s chair, and Mr. Simon Dornoo serves as vice chair.
Mr. Peter Enti, Ms. Mabel Nyarkoa Porbley, and Mr. Alex Asiedu are the other members of the Committee.
The committee will serve as a forum for consultation and, among other things, facilitate meetings with representatives from the financial services sector and other interested parties to solicit input from the entire industry and convey industry concerns about the debt management plan to the MoF and BoG.
The expectations and goals are to ensure orderliness and confidence in the government’s ongoing negotiations with the IMF.
As announced during the ministry’s press briefing, a similar engagement will be undertaken with our external bondholders.
“The stability of the domestic financial ecosystem is critical to a successful IMF-supported economic programme, and government will take all necessary steps to protect the sector as we have done in the past.”
“We need the support and trust of all Ghanaians to ensure that a historic arrangement is reached with the IMF. We are confident that such engagement and collaboration will enable us to recover very quickly and strongly from our current macroeconomic challenges.”