BoG is 'Risk Manager' of the year 2017

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• G. K. Berko 8 years ago

  Managing the risks is the first crucial step. But no Bank can claim ultimate success just by managing recurrent risks, and not devising better and newer effective ways of boosting investments and expanding the Economy.
  
  The ...
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  Managing the risks is the first crucial step. But no Bank can claim ultimate success just by managing recurrent risks, and not devising better and newer effective ways of boosting investments and expanding the Economy.
  
  The current continued slide of the strength of our Cedi is most worrisome. If our Currency keeps devaluing while our exports fail to grow, we end up with a shrinking GDP, and further constricting of our employment status.
  
  The Government revenue base would, then, shrink, and we would be forced to borrow more to meet any commitments made for infrastructural expansion.
  
  Meanwhile, any cash deposits in the Banks would sharply lose value, making customers poorer and discouraging savings.
  
  Even Government Bonds, unless their rates of return adequately reflect the rate of devaluation, would lose attraction by investors.
  
  I would therefore prefer successful proactive efforts to strengthen our Cedi a bit more to just managing our risks to avoid deterioration.
  
  It all comes to fit into the almost trite notion in the sports world that the best defense is offense.
  
  The BoG must therefore seriously and intimately get involved in helping Businesses grow to employ more and pay better to expand the Economy. It should encourage the Banks to offer more accessible capital resources to Businesses, especially the Medium and Small ones.
  
  Long Live Ghana!!!

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• $martphonesSupportBiz 8 years ago

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  Remember this; It is not enough to earn & carry about a certificate! That's phase 1. Life is about relevance & providing solutions. Someone right now somewhere is looking for someone who can do something for him/her & get paid! Opportunity Meets with preparation! Is your worth only in that paper certificate even though you hardly have a REAL skill? Therefore; While you search for that job(not bad) & keep waiting (very frustrating), DO NOT WAIT IN PERPETUITY! You might consider investing in knowledge-based skill that has unending returns. EACH DAY , YOUR CAPITAL IS YOUR KNOWLEDGE, SKILL & BARE HANDS! Visit Amazon marketplaces, Barnes & Noble, eBay etc today

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• romeo 8 years ago

  This is nonsense. You sit on a dubious 4.6billion contract and tell Ghanaians risk management what sort of Bolshiit is this

  This is nonsense. You sit on a dubious 4.6billion contract and tell Ghanaians risk management what sort of Bolshiit is this

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