Rejoinder: GAT and its role in the financial sector (1)

Government faces mounting pressure to convert its expanding youth population into productive employment, with nearly two million young people neither working nor in education or training - highlighting the challenge of translating economic growth and macroeconomic stability into decent jobs.

Ghana’s lower-rate cycle is forcing banks to prove that growth can survive without the unusually high yields of recent years.

Small and medium-sized enterprises (SMEs) across all 16 regions are to benefit from a national business pitch competition aimed at improving access to funding, strengthening business capacity and creating jobs.

The Institute of Economic Affairs (IEA Ghana) has launched a one-year initiative to assess the institutional, regulatory and workforce requirements for Ghana’s nuclear power programme as the country works towards the stage at which it can invite bids or negotiate a contract for its first nuclear power plant.

Ghana Bauxite Company Limited (GBC) has signed a financing mandate with Ecobank Ghana PLC for proposed facilities of up to US$250 million to expand and modernise its mining operations at Awaso, in a move expected to strengthen production capacity and support Ghana's ambition to process more of its bauxite locally.

The Ghana Association of Banks (GAB) has raised concerns over the low recovery rate of funds lost to fraud across the country’s banks and specialised deposit-taking institutions (SDIs) - estimated at only about 5 percent - and called for stronger intelligence-sharing among financial service providers.

Ghana must strengthen its capacity to mobilize domestic capital to finance economic growth and reduce its exposure to external financial shocks,

MTN Group President and CEO, Ralph Mupita, has reinforced MTN's commitment to supporting Ghana's digital infrastructure and digital sovereignty.