'We will not be reckless' - Finance Minister assures banks

In a recent address, Ghana's Finance Minister has assured the banking sector that the government will exercise prudence in its financial decisions, particularly in light of ongoing economic challenges. The minister emphasized that the administration is committed to fostering a stable environment for banks while addressing fiscal issues. This pledge comes amidst concerns about potential risks associated with government borrowing and its impact on financial institutions.

The minister highlighted the importance of maintaining confidence in the banking system, stating that reckless fiscal policies could jeopardize both public trust and economic stability. He reiterated that the government's strategies will be guided by careful planning and thorough consultation with stakeholders in the financial sector.

Moreover, he underscored that by prioritizing responsible management of resources, the government aims to create a robust framework for sustainable growth. The minister's remarks seek to alleviate fears among bankers and investors regarding governmental actions, reassuring them of a collaborative approach moving forward as Ghana navigates its economic landscape.