I would want to say that the Bank of Ghana has enjoyed considerable political support enabling it to be effective to implement these rather difficult measures to comprehensively reform the banking and specialized deposit taking institutions sectors of the financial system.
The complete loss of confidence in private finance – your membership – could only be arrested by the provision of comprehensive backstops by the richest economies in the world. With about $ trillion in output and almost 28 million jobs lost in the ensuing recession, the case for reform was clear then and remains so today. Let me now turn to your issues.