On 31st August 2021, the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana discussed issues relating to National Development Banks and the ways of strengthening banking regulations. Among the panelists who graced the dialogue, which took place at the ISSER Conference Facility, included Prof. Joshua Y. Abor, the former Dean of the University of Ghana Business School, and Dr. Vera Fiador, a Senior Lecturer at the UGBS.
Professor Joshua Y. Abor gave an overview of National Development Banks and business models. In his presentation, he promulgated the need for the establishment of National Development Banks (NDBs). He also deliberated on the types of business models adopted by the various development banks in the country and their role in achieving sustainable financing. Concluding his presentation, he pointed out that “NDBs complement the efforts of multilateral, regional and bilateral Development Finance Institutions (DFIs) in filling the financing gaps by providing long-term finance to important sectors to spur growth and development”.
Dr. (Mrs) Vera Fiador, on her part, made a presentation on the successful approaches and future of National Development Banks. She averred that in order to ensure the success and future survival of National Development Banks, there should be a careful review and application of successfully tested methods taken by other development banks. She went on to reflect on other possible measures that could be evaluated to ensure the success of the development banks.
Other panelists also made presentations on the long-term financing of the development banks as well as the review of their regulations. In ending the event, present stakeholders were allowed to examine and question the presentation made by the panelists. The meeting was Chaired by Professor Ernest Aryeetey, a former Vice-Chancellor of the University of Ghana.
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