The United States ambassador to Ghana Virginia Palmer on Wednesday (30 November) paid a courtesy call on the Governor of the central bank Ernest Addison.
In a welcoming address, Addison provided an overview of Ghana’s current economic situation and noted that inflation had risen to over 40%, whilst the Ghana cedi had depreciated by over 53% on a year-to-date basis.
He, however, gave assurance to the US senior envoy that the raft of measures introduced by the bank and the impending International Monetary Fund (IMF) programme will help restore macroeconomic stability in the medium term.
The Governor expressed optimism that the 2023 Budget had taken the initial step to reset fiscal policy on a consolidation path, and the smooth implementation will ease debt sustainability concerns.
On her part, the US ambassador Palmer expressed gratitude to the Governor and management of the bank. She commended the Addison-led management for the key role they have played in ensuring that the banking sector remains sound and safe, despite the economic challenges.
She also pledged her office support to Ghana as steps are taken to overcome the current economic challenges, emphasising on the need to use the opportunity to push through major economic reforms to permanently resolve the current economic challenges.
The ambassador was accompanied by the economic section chief of the US embassy, Stephanie Hutchison.
In the governor’s team were the First and Second deputy governors, the directors of research, financial sarkets and the bank’s secretary.
Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in or log on to broadcasts online: www.asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming: facebook.com/asaaseradio99.5. Also on YouTube: Asaase Radio Official.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.
#AsaaseRadio
