It offers the opportunity to draw lessons from this extra-ordinary global financial crisis and globally synchronized drop in economic activity and employment, and how it has spread in its severity across countries. We can look at it critically from our domestic perspective as we seek to anchor the financial sector as a pillar of growth in Ghana’s economic development.
Mr. Chairman, the hallmark of the current crisis is its unprecedented complexity both in terms of its causes and effects. What ostensibly started as a sub-prime mortgage loan problem in the United States has transformed into a multi-faceted financial and economic turmoil.