Monday, 17 November

Chief of Staff calls for robust financial system to drive 24-Hour Economy

Business
Chief of Staff observing the flag hoisting ceremony

Chief of Staff, Mr Julius Debrah, has underscored the need for a strong and responsive financial sector to support the government’s vision of a 24-hour economy, stressing that banks must innovate to meet the demands of businesses operating beyond traditional hours.

Speaking at the opening of Republic Bank Ghana’s new headquarters last Friday, Mr. Debrah said a round-the-clock economy cannot thrive without a matching financial infrastructure.

“A 24-hour economy requires a 24-hour financial system,” he stated.

“We look to banks like Republic Bank Ghana to be at the forefront, developing financial products that support the unique needs of businesses operating around the clock.”

The Chief of Staff commended Republic Bank Ghana for its continued investment in Ghana’s financial sector and urged the institution to champion flexible, technology-driven services that will enable enterprises—both large and small—to participate fully in the emerging 24-hour economic model.

He added that the government remains committed to creating an enabling environment in which financial institutions can expand digital services, streamline payment systems, and strengthen support for SMEs as part of broader efforts to stimulate economic growth.

 

The event brought together senior government officials, banking executives, and industry stakeholders who expressed optimism that the new Republic Bank headquarters will enhance the bank’s operational capacity and its contribution to Ghana’s economic transformation.

Source: Classfmonline.com/Cecil Mensah