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Pulse Business Wrap 'Prioritising SME growth important for economic growth'

Bank of Ghana Governor Dr. Abdul-Nashiru Issahaku has urged banks to prioritise SME growth by designing policies that will stimulate growth in that sector of the economy.

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Bank of Ghana (BoG) Governor Dr. Abdul-Nashiru Issahaku has urged banks to revise and develop new banking models to target Small and Medium-sized Enterprises (SMEs) because that sector of the economy is critical "for promoting inclusive economic growth."

Issahaku made these comments at the maiden SME fair under the theme ‘SME Financing in Ghana — Enhancing Access and Reducing Costs.’

In other news, the Programmes Officer for the Peasant Farmers Association of Ghana, Charles Nyaaba, has urged government to protect the lands of peasant farmers as the association marked the International Day of Peasants Struggle on Wednesday 27th April, 2016.

According to him, 50 percent lands used for rice farming at Ashaiman, a suburb in Accra has been lost to estate developers.

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                            3.80                             4.10

Pound Sterling             5.48                              5.78

Euro                             4.28                              4.58

 

On how your stocks performed on the GSE Index today

Standard Chartered Bank Ghana Ltd. were the biggest losers of the day, losing 36p to close at 15.21p. There were no gainers for the day.

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