Business News of Friday, 14 May 2021Source: www.ghanaweb.comAn Economics Professor at the Institute of Statistical Social and Economic Research (ISSER), Peter Quartey has stressed the need for the establishment of the National Development Bank (NDB) to be fused with competent personnel employed to manage the business operations of the bank. But Prof. Quartey believes the establishment of the bank will only yield positive results should government fail to apply the right mechanisms and personnel to effectively run the bank. “The key thing is that the money has been found, what I will recommend is finding the right people to manage this bank. The Akufo-Addo government is 2018 made the announcement to establish a National Development Bank as part of efforts to refinance credit to critical sectors operating especially in the agriculture industry. So far, government says it has been able to raise the required seed capital of over US$500 million dollars for the establishment of the National Development Bank.

Source: GhanaWeb May 14, 2021 11:15 UTC