The Bank of Ghana has indicated it will work closely with managers of the economy to ensure that the declining inflation trend is sustained.
Inflation has seen a consistent decline from about 20 percent in July last year to 9.5 percent last month.
Some analysts are of the opinion the decline is too sharp. There others who are also worried that the declining rate may be coming at too high a price.
The Central Bank Governor however disagrees. Kwesi Amissah-Arthur tells Joy Business low inflation rather enhances economic growth.
He says the bank is also well-positioned to intervene should there be a shock.
“There is great concern about the fiscal situation… “It was recognized that in the other occasions when the country had achieved single digit inflation very quickly inflation had rebounded and had become very high.
“So the whole idea of this is to moderate our reaction in order to have something in store to react appropriately if they go up,” he assured.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Champions of 2024 Inter-School Reading Quiz tour Mohammed Bin Rashid Library in Dubai
16 minutes -
Mahama decouples Youth from Sports Ministry
19 minutes -
President Mahama orders immediate suspension of state land transactions
22 minutes -
Edward Bawa: NDC left $2.4bn energy debt, NPP aggravated the situation
25 minutes -
Joint military police reinforcement deployed in Ejura
29 minutes -
Fire guts 3 shops in Ho
35 minutes -
Gunmen attack bus in Bolgatanga, leaving several injured
37 minutes -
NDC supporters allegedly invade Bui Power Authority, call for staff removal
40 minutes -
‘Cutting ministries is about sentiment, not savings’ – Bright Simmons analyses Mahama’s new Cabinet
1 hour -
Walker wants to ‘explore’ Man City exit – Guardiola
10 hours -
Ejura Sekyeredumase MP demands autopsy on resident who died in Police custody
12 hours -
Kusaas Diaspora Union launched to spearhead global unity, development
13 hours -
Bright Simmons: Mahama’s reduction of ministries to 23 amid calls for efficiency, cost-cutting
14 hours -
Maxwell Hanson seeks apology and compensation from Anim Addo over defamation claims
14 hours -
We listen, we don’t judge: What they don’t tell you about being an entrepreneur
15 hours