abdul - nashiru issahaku : developing ghana ’ s banking system speech by dr abdul - nashiru issahaku, governor of the bank of ghana, at the inauguration of the sunyani regional office building, sunyani, 30 june 2016. * * * nananom board of directors of bank of ghana representatives of banks in the brong - ahafo region representatives of security agencies in the brong - ahafo region heads of departments regional managers my cherished members of staff distinguished ladies and gentlemen good morning i am delighted to welcome you all to the inauguration of our new sunyani regional office building. let me sincerely thank the chiefs and people of sunyani, in fact, the brong ahafo region for making the land available to us. this is a clear indication of the support and collaboration between the bank and the chiefs. and let me also take this opportunity to thank the immediate past governor of the bank of ghana dr. henry kofi wampah for spearheading this project and seeing to its completion. as we may all be aware, prior to the construction of this ultra - modern office complex, the sunyani regional office had operated from the second floor of a building whose lower floors were occupied by gcb bank. the regulator sharing office with the client is not ethically sound and exposes the bank to familiarity threats. in addition, the former office did not have a banknote processing capacity and depended on the kumasi regional office for the processing of its deposits as well as fit - sorting banknotes for re - issuance to banks and other financial institutions in its catchment area. we have been under pressure and in a hurry to catch up and provide the facilities necessary to deliver the required services in the region and make a difference. the inauguration of this magnificent sunyani regional office with adequate space for a banking hall to be serviced by four tellers, an office space for cheque codeline clearing supported by a back office to serve customers, and fully equipped offices, is one of the eloquent testimonies to show that the bank of ghana is living up to expectations for posterity in this region and the country as a whole. beyond providing this beautiful edifice to reduce the stress in relation to inadequate office accommodation for workers, we have also made provision for a cash processing centre which is yet to have the full complement of machines. a state of the art electronic security and fire - fighting systems have been

the rt hon sir edward george : the state of the uk economy and the bank of england ’ s conduct of monetary policy speech by the rt hon sir edward george, governor of the bank of england, at the welsh development agency / bank of england dinner, brangwyn hall, swansea, on 16 october 2001. * * * thank you, david for that kind introduction. and thank you, too, for agreeing to co - host this dinner in the brangwyn hall this evening. it gives me great pleasure to add my welcome - on behalf of the court of the bank of england - to all of our guests. we are grateful to you for joining us. i should like to say a few words this evening about the state of the economy, and in particular to account to you - as stakeholders - for the bank's conduct of monetary policy. if you look back, since the recession of the early 1990s the uk has enjoyed 9 years of steady progress. inflation over that period, on the government's target measure, has averaged just 2. 6 % - and has been more stable than at any time in our history. now some people think that's all we care about at the bank of england - and we certainly do care about it - it is after all what we are paid for. but it is certainly not all we care about. low inflation is not simply an end in itself - it is a necessary means to the end of sustainable growth, to sustained high levels of employment, and to rising living standards which are, of course, the really good things of economic life. and what gives me personally - and my colleagues - real satisfaction is the fact that stable, low inflation has over this period been accompanied by steadily increasing overall output and employment, and by a progressive fall in unemployment. gdp growth since the spring of 1992 until this summer has averaged just about 3 % a year - which is well above most estimates of our trend rate of 2¼ % - 2½ % - and the longest period of sustained quarter - by - quarter growth we have enjoyed since quarterly records began in the uk in 1955. employment increased steadily from a low point of 25 ½ mn people in the spring of 1992 to a peak of over 28mn in the summer of this year. and the rate of unemployment has fallen from a peak of over 10½ % on the lfs measure to around 5 % ; while on the claimant count measure it has fallen from some 10 % to just over