Elsie Addo Awadzi: Business sustainability - a shared responsibility

Address by Ms Elsie Addo Awadzi, Second Deputy Governor of the Bank of Ghana, at the 9th Annual General Meeting of Ghana Association of Savings and Loans Companies, Accra, 20 June 2019.

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

Salutations

1. Good Morning and thank you for the opportunity to join you at this 9th Annual General Meeting of the GHASALC. Almost a decade after its establishment, this Association has become a recognised voice for its member institutions, and we at the Bank of Ghana always welcome the opportunity to dialogue with GHASALC and its membership.

2. The chosen theme "Business Sustainability: A Shared responsibility" could not be more appropriate in the times we are in. Sustainability of businesses is critical, if we are going to achieve the socio-economic growth we need to move this country forward. Savings and loans companies, like other deposittaking institutions, exist to intermediate savings in order that businesses and other economic actors can obtain access to much-needed funds to meet their legitimate needs.