The Advisor at the Bank of Ghana, Professor John Gatsi has asserted that economic recovery outcomes have created a favorable environment for businesses, which is good for the rollout of Non-Interest Banking and Finance in Ghana
Professor Gatsi who spoke hours before, the presentation of the 2025 Mid-Year Fiscal Policy Review to Parliament was optimistic that,
The Finance Minister, Dr. Ato Forson will present “detailed economic recovery outcomes, creation of a favorable environment for businesses, which is good for the rollout of non-interest banking and finance in Ghana”.
According to him, the plan targeted key macroeconomic indicators, including a debt-to-GDP ratio below 50%, an inflation rate below 14%, and foreign reserves sufficient to cover over 5 months of imports,
Notably, he submitted that significant progress has been made by the Government in paying off arrears, with GHS5 billion paid out of a budget of approximately GHS13 billion.
The Advisor at the Central Bank who is leading the operationalization of Non-Interest Banking and Fiance also known as Islamic Banking stressed the fact that “the cost of living has decreased, as seen in the reduction of the price of a bag of PoP from GHS110 to GHS90, and the decrease in the cost of filling a tank from GHS1200 to GHS800. These outcomes demonstrate tangible results, with improvements in both macroeconomic and microeconomic indicators”.
And that, “this mid-year budget review is a six – month of refreshing outcomes.
Project and expenditure finance prioritization will be anchored in prudence and positive fiscal results.
Agriculture sector revitalization and energy retooling are expected”.
