The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama has urged commercial banks to design and promote export-oriented financial products to support the country’s economic transformation agenda.
Speaking to CEOs of banks, the Governor said sustaining a stable exchange rate, deepening credit to productive sectors, and expanding exports require close collaboration between the central bank and the banking industry.
He encouraged banks to support small and medium enterprises (SMEs) and agribusinesses while working with the central bank to enhance foreign exchange (FX) sourcing through formal channels.
“I encourage all banks to design and promote export oriented financial products, support SMEs and agribusiness and work with us to enhance FX sourcing through formal channels”, he said.
Dr. Asiama further called on banks to adhere to domestic regulatory provisions, including the use of local insurance companies for import coverage, to help reduce foreign exchange leakages and strengthen local liquidity.
He also urged banks to take active steps toward public listing to enhance capital strength, transparency, and long-term growth prospects.
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