Ghana’s monetary policy framework has come under scrutiny, with calls for the Bank of Ghana to look beyond the Monetary Policy Rate and place greater emphasis on the quantity, quality, and allocation of credit to productive sectors of the economy.
The call was made by the Integrated Social Development Centre, ISODEC, at a Stakeholders’ Consultative Forum on Alternative Economic Models for Ghana. Analysts at the forum advocated a rethink of the country’s monetary policy approach to ensure that it better supports sustainable economic growth, productive investment and price stability.
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