ADDRESS BY HON ELIZABETH OFOSU-ADJARE (MRS.), MINISTER OF TOURISM, CULTURE AND CREATIVE ARTS AT THE STAKEHOLDER'S FORUM ON THE RECENT FOREX DIRECTIVES BY THE BANK OF GHANA HELD AT THE COCONUT GROVE REGENCY HOTEL ON TUESDAY, FEBRUARY 18, 2014 AT 10:00AM

THE PRESIDENT, GHANA TOURISM FEDERATION
DIRECTORS OF THE MINISTRY OF TOURISM, CULTURE AND CREATIVE ARTS
OFFICIALS FROM THE BANK OF GHANA
PRESIDENTS, EXECUTIVES AND MEMBERS OF TOURISM TRADE ASSOCIATIONS
FRIENDS FROM THE MEDIA
DISTINGUISHED LADIES AND GENTLEMEN

We are here this morning to deal with a very sensitive subject which, if handled well, can either positively or adversely affect our businesses. The matter has to do with the new policy directives announced by the country’s Central Bank (the Bank of Ghana) to help address the depreciation of the country’s currency.

 

Since the announcement of the policy interventions, my outfit has been inundated with calls from industry practitioners on how the implementation of the measures would impact on business operations within the sector.
Ladies and gentlemen, it is my personal conviction that no industry regulator or state institution will deliberately embark on a mission to stifle the growth of businesses, d knowing the dire implications of such a move. It is for this reason that I have, with instructions from H.E. the President, convened this stakeholders’ forum to brainstorm on the way forward with regards to the smooth implementation of these directives such thattourism sector operators would not be worst off.
Practitioners in the tourism, culture and creative arts industry, I will wish to appeal to you to be open and fair-minded in these discussions so that we can collectively arrive at the best way forward.
It is my expectation that this forum will help our industry arrive at some appreciation of the directives so as to help us fashion out a common understanding on the implementation of the directives to our collective benefit. I know that as law abiding citizens, we will all do what is in the best interest of mother Ghana.
I will at this stage invite the Bank of Ghana Officials to help us understand the directives. Thank you and God Bless Us All.

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