President Akufo-Addo has charged regulatory agencies in Ghana to be up and doing in the discharge of their duties in order to safeguard the activities of the private sector.

Addressing the opening ceremony of the National Conference on the Implementation of the African Continental Free Trade Area (AfCFTA) Agreement in Ghana on the theme; “Harnessing the Benefits of the African Continental Free Trade Area (AfCFTA) for a Ghana Beyond Aid,” at the Accra International Conference Centre (AICC), President Akufo-Addo said, “It is essential that the regulatory bodies rise to the occasion and be up and doing in the discharge of their duties in order to promote discipline in the activities of the private sector.”

“Institutions such as the Bank of Ghana, the Registrar of Companies, the Securities and Exchange Commission, the National Insurance Commission, and the National Pension Regulatory Authority must see to the effective regulation and supervision of the entities within their remit. We have seen what the previous failure of regulation led to in the banking sector,” President Akufo Addo said.

Campaign to Host AfCFTA Secretariat In his statement, the President noted that the campaign for Ghana to win the bid to host the secretariat of the AfCFTA was a national one that involved two former Presidents, Jerry John Rawlings and John Agyekum Kufour; the Asantehene, Otumfuo Osei Tutu II, as well as many other eminent statesmen.

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