Mr. Chairman, a decade ago, the Bank launched a comprehensive  programme to revamp the payment and settlement systems which is deemed critical for the transmission of monetary policy. The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) was then established to implement and manage the payment system infrastructures for banks and non-bank financial institutions in Ghana.
A significant amount of his work has involved statistical analysis, and we look forward to learning from his scholarship and his analytical insights during this Conference. I also want to take this opportunity to acknowledge three of our special guests. Prof. J. K. Ghosh, presently a professor of statistics at Purdue University, was formerly the Director of the Indian Statistical Institute.