I urge the ADB to continue to strengthen its capacity to respond to the region’s needs in a flexible and timely manner. An important focus for the ADB in relation to vulnerabilities of small island states is disaster management. In this regard, ADB assistance towards putting in place the needed infrastructure to help preparedness for disasters in countries would be helpful.
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.