Business News of 2014-06-26

Barclays delegation confers with Veep

Vice-President Kwesi Bekoe Amissah-Arthur has said that the government’s immediate concern is to overcome the current challenges and set the country on the path to economic recovery.
The government was determined to restore macroeconomic stability this year; the Vice-President said when a four-member delegation from the Barclays Africa Group conferred with him at the Flagstaff House in Accra yesterday.
Mr Amissah-Arthur stated that the government’s priority was to get over the immediate difficulties this year and called on international organisations such as the Barclays Group to partner the government in its effort at surmounting the country’s economic difficulties.
The delegation, which was led by the Chief Executive Officer of Barclays Bank Ghana Limited, Ms Patience E. Akyianu, called to brief Mr Amissah-Arthur on the operations of the Barclays Africa Group Limited.
It included the Chief Executive Officer of the Barclays Africa Group, Madam Maria Ramos, and the Chairperson of the group, Ms Wendy Lucas-Bull.
Economy
Mr Amissah-Arthur lauded Barclays for its impressive record and expressed appreciation to the bank for its support for the country in the face of current economic difficulties.
He observed that the world had become much more integrated than it was many years ago and that small economies such as Ghana’s were at the mercy of global development.
He said Ghana’s economy had witnessed substantial growth, adding that the government had adopted more efficient ways of spending public resources.
Barclays Group
In response, Ms Lucas-Bull said the bank had operated in Africa for almost 100 years and it was committed to consolidating its presence on the continent.
She said Ghana was critical to the forward march of the Barclays Africa Group, hence its decision to remain relevant in working with both the private and the public sectors.
She explained that the establishment of the Barclays Africa Group was to add value to Africa’s resources.
Source: graphic.com
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