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The Vice-President of the Republic of Ghana, His Excellency Kwesi Bekoe Amissah-Arthur, has called on the Bank of Ghana board to work hard to reduce the interest rates and also to create the enabling conditions for small and mediums scales enterprises in the country to thrive.

 Vice President Kwesi Bekoe Amissah-Arthur made the statement on Monday, 19th September, 2016 when he swore a reconstituted Board of the Bank of Ghana (BoG), at the Flag Staff house in Accra.

The Vice President Kwesi Bekoe Amissah-Arthur said Parliament has amended the Bank of Ghana act which gives them independence.

He said it also gives them supervisory control over monetary policy process. Adding that with the new amendment the tenure of the Bank of Ghana Board has been extended from three to four years and also made provision of an appointment of an additional member to the board.

He again asked them to create the conditions for economic growth to further stabilize the economy and keep in mind governments drive to create more jobs. Mr. Amissah -Arthur said the priority for government is job creation, together with sound macroeconomic environment. So that it would reduce the cost of doing business and access credit at an affordable cost.  

The 12-member board which was sworn into office Monday, has the Governor of the BoG, Dr  Abdul – Nashiru  Issahaku, as its Executive Chairman, with a Deputy Governor of the BoG,  Mr  Millison  Narh ; a Deputy Minister of Finance, Mr Cassiel Ato Forson;