Graphic Business News

BoG commends financial journalists....For role in deepening financial inclusion

By: Daniel Ofosu Dwamena
The award winners with their Editor in a pose after the ceremony
The award winners with their Editor in a pose after the ceremony

The First Deputy Governor of the Bank of Ghana (BoG), Dr Maxwell Opoku, has commended business and financial journalists for their role in enhancing financial inclusion in the country.

He said the aim of  the central bank was to enhance financial inclusion in the country and was therefore appreciative of the media’s contribution towards its achievement.

Dr Opoku said this at the fourth edition of the Flamingo Awards for Business and Financial Journalism in Accra on January 26.

The annual event is organised by Institute of Financial and Economic Journalists (IFEJ), a group of journalists with interest in business and finance issues, to reward journalists who have distinguished themselves in the course of work.

Formalising economy
Speaking on the theme ‘Embracing financial inclusion and innovation for growth and development,’ the First Deputy Deputy Governor said the importance of financial inclusion for growth and development could not be over emphasised, as it served as a boost for resilience and financial growth in the country.

“This is at the center to formalize the Ghanaian economy as it boosts savings, information sharing, improves resource allocation, facilitate diversification and manage risks,” he stated.

He said this would also ultimately serve as economic tool for job creation and poverty reduction.

From the BoG's perspective, he said an enhanced financial inclusion would also help to deepen the transmission mechanisms and allow monetary decisions that would create broader growth for its mandate of price stability.

At the awards, Mr Felix Dela Klutse of the Business Day newspaper emerged the overall winner – the Business Journalist for 2017.

He won the Best in Business of Health and the Best in Finance to become the Overall Best for the second time. He was the Overall Best Business Journalist in 2014, the maiden edition of IFEJ Flamingo Award.

Three journalists from the Graphic Business newspaper also won various awards.

They include Mr Emmanuel Bruce, who was adjudged the Best in Agribusiness, Mr Maxwell Akalaare Adombila, who was adjudged Best in Local Economy and Ms Jessica Acheampong, who won the Best in Extractive reporting.

Other awards winners included Ms Francisca Dickson Arhin of GHOne TV who won the Best in Business/Manufacturing Reporting, Mr Kwabena Adu Koranteng of the New Crusading Guide for the Best in Development Reporting.

The Best in Information and Communication Technology went to Mr Richard Abbey of the Business and Financial Times and Best in Tourism Reporting went to Ms Rebecca Awuah of Ghana Television.

The president of IFEJ, Mr Rayborn Bulley, expressed his excitement over the improvement of the stories that were submitted for this year’s awards.

He also expressed gratitude to sponsors and major stakeholders for the continuous support in empowering financial and economic journalists through IFEJ.

Continuous support
The General Manager of the Ghana National Petroleum Corporation, Dr Kwame Baah-Nuakoh, who was the chairman of the awards, pledged the corporation’s continuous support to the awards.

He expressed its willingness to collaborate with IFEJ to develop business and economic journalism in the country.