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
-
Walker wants to ‘explore’ Man City exit – Guardiola
5 hours -
Ejura Sekyeredumase MP demands autopsy on resident who died in Police custody
7 hours -
Kusaas Diaspora Union launched to spearhead global unity, development
8 hours -
Bright Simmons: Mahama’s reduction of ministries to 23 amid calls for efficiency, cost-cutting
8 hours -
Maxwell Hanson seeks apology and compensation from Anim Addo over defamation claims
9 hours -
We listen, we don’t judge: What they don’t tell you about being an entrepreneur
10 hours -
Mahama orders Lands Commission to halt sale of State Lands
11 hours -
Chiesa on target as Liverpool ease past Accrington Stanley
11 hours -
Everton appoint Moyes as manager for second time
11 hours -
WACCE describes 2024 elections as one of the violent, deadliest in the 4th Republic
11 hours -
Volta Region movie industry stagnated, needs investors to push – stakeholders
11 hours -
Petition against Chief Justice reflects broader public concerns about Judiciary – Joyce Bawa
11 hours -
Northern Ghana won’t experience fuel shortage – NPA assures
12 hours -
Calm restored in Ejura after mob attack on Police Station
12 hours -
18-year-old herdsman remanded over murder of younger brother
12 hours