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Collaboration among financial players critical for Ghana’s economic progress – Ghana Stock Exchange MD

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Collaboration among players within the financial sector is crucial to reviving the Ghanaian economy, according to Abena Amoah, the Managing Director of the Ghana Stock Exchange. Speaking at the 3rd Edition of the Money Summit, organized by the Business and Financial Times, Amoah emphasized the importance of ethical standards to restore confidence in the local economy. She called on the government, regulatory bodies, financial institutions, private sector entities, and civil societies to work together to foster a culture of transparency, integrity, and accountability.

The summit sought to address the economic challenges confronting the country. Dr. Godwin Acquaye, the Chief Executive Officer of the Business and Financial Times, highlighted the issue of exchange rate volatility, which is largely systemic as imports far outweigh exports. He hoped that the summit would provide solutions to anchor investor confidence in the economy and ease the hardships faced by businesses and the average Ghanaian.

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For the most part, collaborations among players within the financial ecosystem driven by ethical standards will help restore confidence to the local economy. The financial sector can act as a catalyst for progress, prosperity, and sustainability. Collaboration among government, regulatory bodies, financial institutions, private sector entities, and civil societies is paramount. The summit addressed the issue of exchange rate volatility, which contributes largely to the uncertainty and lack of confidence in the economy.

To build a financial ecosystem that commands trust and attracts investment, it is important to foster a culture of transparency, integrity, and accountability. Strengthening government frameworks, enhancing risk management systems, and promoting ethical behavior are necessary steps to achieve this goal. By doing so, we can build a financial ecosystem that stands the test of time. The Money Summit sought to enhance investor confidence and bring together actors in the financial sector to provide solutions that ease the hardships faced by businesses and the average Ghanaian.

In a nutshell, collaboration among players within the financial sector is essential to revive the Ghanaian economy. The financial sector can serve as a catalyst for sustainable economic growth. To restore confidence and attract investment, it is important to foster a culture of transparency, integrity, and accountability. The Money Summit provided an opportunity to address the economic challenges confronting the country and offer solutions to mitigate them.

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