• 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

Ofori-Atta defends BoG; says apex bank has been prudent and resilient amid macroeconomic challenges

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
59
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ofori-Atta defends BoG; says apex bank has been prudent and resilient amid macroeconomic challenges

Finance Minister, Ken Ofori-Atta, has come forward in defense of the Bank of Ghana, praising its prudent, strong, resilient, and efficient performance over the past year. He highlighted that this resilience had largely gone unnoticed until it was put to the test by unprecedented global events.

In an article titled “Standing Strong with the Bank of Ghana,” Ofori-Atta emphasized the remarkable growth in the central bank’s assets, which have expanded in tandem with the country’s financial sector and economy. Starting at ¢53 billion in 2016, the Bank’s assets had surged to ¢126 billion by the end of 2022.

The Finance Minister also pointed out the significant economic progress Ghana had achieved in recent years. The country’s total revenue had more than doubled since 2016, increasing from ¢32 billion to ¢96.7 billion by the end of 2022. Additionally, Ghana’s GDP had more than doubled, reaching an estimated ¢610.2 billion by the close of 2022. He noted that the number of active contributors to the Social Security and National Insurance Trust (SSNIT) had also increased from 1.3 million in 2016 to over 1.8 million in 2022.

Ofori-Atta further highlighted advancements in various sectors, including digitization, infrastructure development, the armed forces, police, education, agriculture (cocoa and Planting for Food and Jobs), health, and school feeding programs.

He acknowledged the challenges posed by macroeconomic volatility induced by factors such as pandemics and geopolitical events. Ofori-Atta noted that in such circumstances, fiscal and monetary policies played an active role in preserving the gains made in social mobility and economic freedom. He emphasized the importance of strong collaboration between the Ministry of Finance and the Bank of Ghana, especially between November 2019 and the present, in resetting the financial architecture and maintaining a robust economy.

The Finance Minister’s article underscores the government’s commitment to effective economic governance and resilience in the face of external challenges, positioning Ghana for sustained growth and development.

RelatedPosts

Government Orders Flags at Half-Mast as Nation Mourns Defence, Environment Ministers & Others in Helicopter Crash

Defence Minister and Environment Minister Among 8 Confirmed Dead in Military Helicopter Crash

Serie A Players Face 25% Pay Cut if Relegated Under New Agreement

Tags: BOGFinance MinisterOfori-Atta defends BoG; says apex bank has been prudent and resilient amid macroeconomic challenges
No Result
View All Result

Highlights

Osaka and Keys Advance to Quarter-Finals at Canadian Open

Ghana Armed Forces Helicopter Crashes in Adansi Akrofuom, 8 Feared Dead 

Cedi Appreciation Triggers 50% Drop in Remittance Inflows

Inflation Drops 160 basis points to 12.1% in July, Lowest Rate Since October 2021

Kwaku Azar Writes: Is Another SML Brewing at GACL?

GRA Refutes NIA’s Debt Claims, Cites Lack of Regulatory Approval and Service Agreement

Trending

Features

Government Orders Flags at Half-Mast as Nation Mourns Defence, Environment Ministers & Others in Helicopter Crash

August 6, 2025

Government Orders Flags at Half-Mast as Nation Mourns Defence, Environment Ministers & Others in Helicopter Crash Ghana...

Defence Minister and Environment Minister Among 8 Confirmed Dead in Military Helicopter Crash

August 6, 2025

Serie A Players Face 25% Pay Cut if Relegated Under New Agreement

August 6, 2025

Osaka and Keys Advance to Quarter-Finals at Canadian Open

August 6, 2025

Ghana Armed Forces Helicopter Crashes in Adansi Akrofuom, 8 Feared Dead 

August 6, 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.