Second Deputy Governor of the Bank of Ghana (BoG), Mrs Matilda Asante-Asiedu, has said that the Ghanaian economy is at a pivotal stage—stronger and more resilient than it has been in recent years.
She said that through prudent monetary policy implementation and disciplined fiscal management, the managers of the local economy have restored macroeconomic stability, strengthened confidence, supported Gross Domestic Product (GDP) growth, and brought inflation back to single-digit levels.
“This improved and predictable macroeconomic environment provides a strong foundation for banks to recalibrate their business models and expand financing to the real and productive sectors, particularly agriculture—a sector that is central to job creation, improved livelihoods, export growth, and national development,” she said during the signing ceremony on risk sharing guarantee scheme between Access Bank Ghana and the International
Finance Corporation (IFC).
She further explained that the Risk Sharing Guarantee Scheme represents a strategic partnership to unlock growth and opportunity within
Ghana’s agricultural sector.
“As I see it, this scheme is designed not only to harness opportunities along the cocoa value chain, but also to align closely with our national priorities of expanding financial inclusion, strengthening private sector participation, and accelerating economic diversification.
“This scheme is strategically designed to provide essential working capital to Licensed Buying Companies (LBCs)—the backbone of Ghana’s domestic cocoa purchasing system.
“Given their critical role in linking smallholder farmers to global markets, ensuring their liquidity is not merely a commercial objective, it is a national economic priority. Their stability safeguards rural livelihoods, strengthens export earnings, and supports exchange rate resilience.”
