Economist Dr. Peter Terkper has emphasized the need for the Bank of Ghana, BoG to reverse its negative equity to strengthen the country’s financial sector and attract foreign investment.
He explained that the Central Bank operating at a loss created uncertainty for investors, limiting Ghana’s ability to attract large-scale investment.
Dr. Terkper said the new Central Bank governor’s commitment to restoring financial stability is a crucial step in boosting trust in the economy and positioning Ghana as a strong investment destination.
“The key things, that he said, he’s going to prioritize, and of them is talking about reversing their losses or the negative equity of the central bank. A strong financial sector, especially the regulator, is key in driving and attracting investment into the country, “
“And so his quest to reverse that position is very important he should indeed prioritize it because that will bring confidence into the financial sector because that is the regulator. So if the regulator has a problem, then you can imagine what we’ll say,”
“There are some transactions that the Bank of Ghana cannot do, and so you will not attract big companies into your country. And so it is very good that he said he wanted to work to reverse it.”
