BoG Governor Dr. Ernest Addison emphasizes importance of inflation control for economic growth
Dr. Ernest Addison, Governor of the Bank of Ghana, has underscored the central bank's commitment to monitoring inflation as a critical component in sustaining economic gains. He explained that as inflation falls to more manageable levels and interest rates decline, the demand and supply for loans to small and medium scale enterprises (SMEs) will increase, thereby driving economic growth. Speaking at the Ministry of Finance (MoF) SME Growth and Opportunity Summit – 2024 on Tuesday, July 16, Dr. Addison remarked, "Just last week, the country successfully completed the Second Review of the IMF program by the IMF Board. The Board...
