The severity of the episode was increased by the fact that it was synchronised across the global economy. It is now ten years since the onset of the crisis, and nearly nine years since its nadir in the last quarter of 2008, yet we still see policy rates at their post-crisis lows.
The Bank of Ghana recognises that technology remains a key driver of financial development in Africa and that is why we are collaborating with the telecommunications and financial technology companies (FINTECHS) to enhance the efficiency of the payments ecosystem and deepen financial inclusion.