The Ghana Investment Promotion Centre (GIPC) in partnership with Citi Fm has held a CEOs Breakfast Meeting at the Kempinski hotel in Accra.
The event, which is also part of the Citi Business Festival brought together CEOs and business leaders of the Ghana Club 100.
The meeting was chaired by the Chairman of the Ghana Commodity Exchange (GCX) Project, Mr. Joe Tackie.
As part of the event, resource persons were invited from the Bank of Ghana (BoG), Ministry of Finance, the Ghana Revenue Authority, Registrar General’s Department, and the Ghana Immigration Service among others to explain some rules and regulations required in establishing a businesses in Ghana.
Speaking at the meeting, the Second Deputy Governor of the BoG, Mr. Johnson Asiama assured that the central bank was employing the necessary monetary policy tools to get inflation at a favourable level.
“Inflation is stabilizing, once we have exchange rate stability, we are not perturbed at all.We think that by the middle of next year inflation should be back to normal,” he said.
He pointed out that, generally, surveys conducted by the Association of Ghana Industry (AGI) on consumer sentiments indicate that there is a turnaround.
“These are independent assessments. It shows that gradually there is a general feel of a turnaround and this is what is expected to turn the economy around as the major indicators also stabilize,” he said.
According to him, the BoG is optimistic of a rebound by close of the year which will reflect in the general conditions of Ghanaians.
Touching on the exchange rate regime, Mr. Asiama stated that the tools and innovative means employed by the central bank was yielding good results due to the relative stability enjoyed over the last six months.
By: Lawrence Segbefia/citibusinessnews.com/Ghana