These should be able to restrict demand for forex. Currently, cedi assets continue to be more attractive in terms of yields than forex assets and we intend to maintain that going forward. Meanwhile, the Bank will continue to apply the foreign exchange Act and regulations vigorously. Any institution (including Banks) that fall foul of the laws will be sanctioned appropriately.
Asset quality was not as good among some of the regional banks, and even less so among some foreign banks operating in Australia, but the problems have not been insurmountable. Some observers might counter that the banks received assistance with wholesale fund raising in the form of the government guarantee.