Dr. George Domfeh, a development economist and research fellow at the Centre for Social Policy Studies of the University of Ghana, has lauded the setting up of a 5-member committee commissioned to protect Ghana’s financial sector.
This statement by the economist comes after the Finance Minister announced a 5-member committee as part of moves to protect the financial system.
Speaking at a press briefing on Wednesday 28th September, 2022, finance Minister Ken Ofori-Atta revealed that the 5-Member Committee consisting of prominent financial services professionals to lead extensive stakeholder engagements across all the key segments of the financial sector – banking, asset, management, pensions, and insurance – forms part of moves to protect the financial system.
According to him, the committee will immediately get to work to engage key stakeholders in the financial services sector, in addition to ongoing engagements with Civil Society Organizations (CSOs), social partners (labour unions, employers, and FBOs), academia, industry professionals, and the leadership of Parliament.
“This is a Government that protected the savings of 4.6million Ghanaian depositors with the reform of the Banking and financial sector even in our early days. We owe it to the economy and Ghanaians to keep protecting it”.
Commenting on the development on Atinka FM’s AM Drive with host Kaakyire Ofori Ayim, George Domfeh lauded the decision by government adding that the move will go a long way to unveil innovative ways to protect Ghana’s financial system.
Asked whether or not the setup of a 5-member committee commissioned to protect Ghana’s financial sector is not an indictment on the existing Economic Management Team, George Domfeh stated that the Economic Management Team is a standing committee set up by law.
Ghana | Atinkaonline.com |Vivian Adu