The Head of the Financial Stability Department of the Bank of Ghana says the Ghanaian economy looks promising despite the challenges facing it.

Settor Amediku said the increased investor confidence is a clear demonstration.

Rapid exchange rate depreciation and the high budget deficit are some of the challenges facing the economy.

But speaking at the maiden edition of Stanbic Bank’s Insights and Perspective Forum, Mr. Amediku said the uncertainty in the global economy has partially affected the economy.

Speaking on the topic ‘Ghana’s Economy and You; Yesterday, Today, Mr. Amediku said next year will be a good one for the economy.

“What are the prospects in the economy, I’m going to look at it from 3 different angles. If you look at the sub region currently investor confidence in this country is very high and there are a lot of indicators we can use to substantiate this if you look at the current bond that the government had issued it was oversubscribed.”

He added “some will argue that it is the premium that we paid for it that led to the oversubscription but clearly if you look at the number of people who are interested especially those from the financial sector who want to invest in the economy is very alarming, that tells you there is a good prospects for the Ghanaian economy notwithstanding what people will say.”

Meanwhile, Stanbic Bank Ghana has launched its Enhanced Customer Value Proposition to maximize value for customers.

It was launched together with the bank’s maiden Insights and Perspective Forum which was on the topic ‘Ghana’s Economy and You; Yesterday, Today and Tomorrow’.

A subset of private banking, the relationship based model has three pillars namely solutions, benefits and convenience.

Under solutions, client have access to transactional and investments products such as current accounts, fixed deposits and savings accounts.

With regard to lending products, clients have access to pre-approved overdrafts and substantial unsecured personal loans.

Also available is approved loans for multi-income earners.

This covers secured personal loans, vehicle and asset finance, home loans and equity release and investment management services.