Mr. Chairman, the theme for this evening’s event ‘An Efficient Banking Sector for Competitive Advantage in the Sub-Region’ is indeed very appropriate. The Ghanaian banking system must aim to re-position itself to support the strategy of moving to middle-income status and to compete in the wider global sub-regional and even global market.
The central bank will continue to support the financial services sector through appropriate policy initiatives and legal framework. In this regard, the new foreign exchange bill as well as the anti-money laundering bill, which would be passed into law this year, should serve to underpin the competitive edge of Ghanaian banks and the financial system in an increasingly competitive global environment. 1.