The Bank of Ghana (BoG) has been awards by President Akufo-Addo for its commitment in the battle against Coronavirus.
The honor was to respect the institution for being proactive in raising GH¢10 billion to help government's execution of Coronavirus strategies.
It is likewise in acknowledgment of the bank's organization with the confidential area to raise an extra GH¢10 million award to quick track the development of the Irresistible Sickness Place at the Ga East Government Emergency clinic.
The financial institution was regarded at the National Honours and Awards 2023, held at the Accra International conference Centre on Tuesday.
In an official statement on March 14, the Bank offered its thanks to President Akufo-Addo for the confirmation.
"The Bank wishes to offer its thanks to His Excellency, Nana Addo Dankwa Akufo-Addo for the acknowledgment of these unusual strategy measures, which was a result of our mission to help the Taxpayer supported initiative's to protect lives and guarantee a protected and stable climate for financial development," parts of the delivery read.
The delivery further expressed that the bank has noticed the worries of Ghanaians over the ongoing monetary emergency. The BoG explained that there were outside factors which influenced the conveyance of their order.
"Starting around 2020, National Banks all around the world have seen tremendous changes in the direct of financial approach because of the determination of huge shocks to the worldwide economy. The overflow impacts of these shocks were extreme and expensive, however have offered to be horribly underrated in the account of flow monetary advancements in Ghana," it said.
The statement added that Coronavirus around the world affected the financial area since "National banks were set at the front and acted working together with monetary specialists to make quick and strong moves to safeguard human lives. Most national banks cut loan fees, they likewise infused a lot of liquidity to guarantee monetary dependability in the midst of a financial and wellbeing emergency. Various apparatuses were conveyed to accomplish targets during the emergency - transient instruments, loaning to monetary organizations, altogether acquisition of government bonds, and administrative and administrative activities on the monetary establishments."
In the mean time, Marsh guaranteed that every one of the choices it took were sincerely and is sure that the economy will get back to the way of soundness and more grounded development sooner than later.
Others, institutions and partners who separated themselves in the battle against Coronavirus were additionally granted.