Veep Amissah-Arthur Charges BoG To Help Reduce Interest Rate

Vice President Kwesi Amissah- Arthur has charged the Board of the Bank of Ghana to work towards reduction in the interest rates.

It should also work to create the financial atmosphere for the small to medium scale business to access soft loans to expand their businesses in line with government`s job creation agenda.

Vice President Amissah-Arthur said this when he inaugurated the newly reconstituted Board of the Bank at the Flagstaff house in Accra.

Vice President Amissah-Arthur asked the Board of the Bank of Ghana to focus on stability the economy, growth and access to credit.

He said job creation is the next priority of government after providing the necessary to enhance infrastructure economic growth.

He said the new Bank of Ghana Act gives the board a greater autonomy to do its work.

Therefore, a lot will be expected of the board to work to justify its new mandate in the interest of the economy.

A member of the board, Dr. Fritz Gockel acknowledged the enormity of the task and promised that the board will work diligently to enable SMEs and microfinance institutions to get access to soft credit to support government’s job creation agenda.

The board per the new Act is chaired by the Governor of the Bank of Ghana.