Moreover, Canada has not had the over-investment in housing that has created the need for painful adjustments in the United States and some other countries.
What we are witnessing today is historic because this Registry is the first movable and immovable asset Secured Transactions Registry in Africa and has been established at an opportune time to address some fundamental challenges in our credit system and the economy as a whole. Mr. Chairman, the Ghanaian financial sector has gone through almost two decades of restructuring and transformation.