Ernest Addison: Remarks on the economy and banking at opening of Standard Chartered headquarters

Address by Dr Ernest Addison, Governor of the Bank of Ghana, at the Official Opening of new headquarters building of Standard Chartered Bank, Accra, 3 October 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Salutations...

1. It gives me great pleasure to be here today for the official launching of this new ultra-modern head office for Standard Chartered Bank (Ghana) Limited, and for the opportunity to make a few remarks on this occasion.

2. Standard Chartered bank has been a very successful Bank with a great tradition as a financial institution. Established as the Bank for British West Africa (BBWA) during the colonial era, it predates all existing banks including the Bank of Ghana itself. The Bank's slogan "Here for Good" provides a deep historical perspective to banking in Ghana and indeed in the entire West African sub region. The Bank has also been managed largely by a Ghanaian workforce and it is a Ghanaian Bank by every standard.