{"id":57200,"date":"2023-10-18T16:57:02","date_gmt":"2023-10-18T16:57:02","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=57200"},"modified":"2023-10-18T16:31:38","modified_gmt":"2023-10-18T16:31:38","slug":"increase-lending-to-private-sector-akufo-addo-urges-banks","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks","title":{"rendered":"Increase lending to private sector \u2013 Akufo-Addo urges banks"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>President Nana Addo Dankwa Akufo-Addo has appealed to banks and other financial institutions to increase capital to the private sector.<\/b><\/p>\n

The president highlighted that lending to the private sector in Ghana is one of the lowest in West Africa, a narrative he said should change.<\/p>\n

He was speaking at the presidential breakfast meeting on Agriculture and Agribusiness financing in Accra, on Monday, October 16.<\/p>\n

He said \u201cThe poor credit culture is something that we need to look at very seriously in Ghana. To hear the statement that the level of credit that has come from our financial system to our private sector is one of the lowest in West Africa is also a very disturbing phenomenon. We are lower than Senegal, Cote d\u2019Ivoire and others.\u201d<\/p>\n

He further said that despite all the challenges facing Ghana, the economy is the second biggest in the whole of West Africa.<\/p>\n

\u201cAll of this is against the background that we are still the second biggest economy in West Africa,\u201d he said.<\/p>\n

He added \u201cThere is a tendency for a lot of people to forget that in spite of all the challenges before the Ghanaian economy, we are the second biggest economy in West Africa.<\/p>\n

\u201cEven with that situation if the amount of money that goes from the banks to the private sector is the lowest in West Africa, my mind boggles, that if these figures were to rise a little bit the transformation that it would bring to our GDP growth, so we need to look at that.\u201d<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. President Nana Addo Dankwa Akufo-Addo has appealed to banks and other financial institutions to increase capital to the private sector. The president highlighted that lending to the private sector in Ghana is one of the lowest in West Africa, a narrative he said should change. He was speaking at the presidential breakfast […]<\/p>\n","protected":false},"author":84,"featured_media":57199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[5092,5096,429],"class_list":["post-57200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nIncrease lending to private sector \u2013 Akufo-Addo urges banks - Ghana<\/title>\n<meta name=\"description\" content=\"President Nana Addo Dankwa Akufo-Addo has appealed to banks and other financial institutions to increase capital to t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Increase lending to private sector \u2013 Akufo-Addo urges banks\" \/>\n<meta property=\"og:description\" content=\"President Nana Addo Dankwa Akufo-Addo has appealed to banks and other financial institutions to increase capital to t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-18T16:57:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/10\/sm_1697633966.384007.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"857\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Increase lending to private sector \u2013 Akufo-Addo urges banks\",\"datePublished\":\"2023-10-18T16:57:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks\"},\"wordCount\":274,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/10\/sm_1697633966.384007.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/increase-lending-to-private-sector-akufo-addo-urges-banks\",\"name\":\"Increase lending to private sector \u2013 Akufo-Addo urges banks - 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