Going forward, the Bank of Ghana stands ready to implement both short term and medium to long term measures to ensure stability in the foreign exchange market. 9. Mr. Chairman, as we all know, developments in the banking sector showed that banks remained profitable, liquid and well-capitalised, thanks largely to the high interest rate environment that has persisted for some time now.
In contrast to low investment yields of 2 pct in global financial markets, banks in Ghana on average had ROE of over 20 percent and ROAs of over 5 percent. The Capital Adequacy Ratio (CAR) was about 18 pct, above the prudential limit of 10 pct.