It recognizes that our policy actions will be dependent on the evolution of the economy and ties the shrinking of the balance sheet explicitly to those actions. Of course, other plans could be adopted.
An important initiative in this regard was the establishment of the Collateral Registry which registers collaterals created by borrowers to secure credit facilities. Then there is the Central Securities Depository. The Central Securities Depository was established in November 2004 as part of the quest to make Ghana an attractive investment destination.