• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Agribusiness

Banks urged to invest in agriculture, manufacturing sectors; be cautious about Gov’t instruments

2 years ago
in Agribusiness, Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
105
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Banks urged to invest in agriculture, manufacturing sectors; be cautious about Gov’t instruments

Banks in the country have been cautioned against the lingering sovereign risks associated with government financial instruments.

Banks have therefore been urged to shift their focus towards the agricultural and manufacturing sectors of the economy, which present significant investment opportunities, rather than government instruments that continue to pose sovereign risks.

Speaking at an event organized by the DBG and the Ghana Association of Banks (GAB) on April 13, 2023, Economist and Lecturer at the University of Ghana Business School, Professor Eric Osei-Assibey, stated that banks must remain mindful of the inherent risks associated with government instruments and take a cautious approach towards investing in them.

He urged banks to consider investing in the agricultural and manufacturing sectors, which have been underfunded in the past and require significant capital injections to spur growth and development.

The call to action by Professor Osei-Assibey is in line with recent efforts by the Ghanaian government to strengthen the country’s economic base by diversifying its revenue streams and reducing its dependence on commodity exports. The government’s domestic debt exchange program, which was initiated in 2022, is one of the key policies aimed at reducing the country’s debt burden and ensuring fiscal sustainability.

However, despite the government’s efforts to address its debt challenges, sovereign risks continue to be a major concern for investors in the country. According to Professor Osei-Assibey, banks must remain vigilant and cautious when investing in government instruments, as these risks could have significant implications for their operations and overall financial stability.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

Instead, he urged banks to consider investing in the agricultural and manufacturing sectors, which have the potential to drive economic growth and create employment opportunities for the youth in the country. Professor Osei-Assibey noted that despite the significant opportunities that exist in these sectors, banks have traditionally shied away from investing in them, citing a lack of technical expertise and infrastructure as some of the reasons.

However, with the government’s renewed focus on developing these sectors, coupled with recent macroeconomic challenges, Professor Osei-Assibey believes that banks should consider redirecting their investments towards these sectors. He highlighted that with the right investment financing and technical support, banks could play a crucial role in strengthening the productive sectors of the economy, creating jobs, and ultimately building a more resilient economy.

Professor Osei-Assibey’s call to action highlights the need for Ghanaian banks to adopt a more strategic approach towards their investments and take into account the risks associated with government financial instruments. While the government’s debt exchange program is a positive step towards reducing the country’s debt burden, more needs to be done to stimulate growth in the agricultural and manufacturing sectors, which have the potential to create long-term sustainable growth and development for the country.

Tags: agricultureBanksBanks urged to invest in agricultureManufacturingmanufacturing sectors amid lingering sovereign debt-risks
No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.