• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Bank of Ghana accused of contributing to high inflation rates

3 years ago
in Banking & Finance, Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
104
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Bank of Ghana accused of contributing to high inflation rates

Associate Professor of Finance at Andrews University in Michigan, USA, Accuses Bank of Ghana of High Inflation

The Bank of Ghana has defended its financing of the government’s 2022 budget with 44.5 billion Ghanaian cedis, saying it was part of the crisis management measures in dealing with the difficulties of 2022.

In a statement, the central bank stated that its financing was designed to address the financing challenges of the budget. However, Professor Williams Kwasi Peprah in an interview said that the bank’s justification was flawed.

“I don’t understand why the Bank of Ghana had to issue a justification with so many problems,” said Professor Peprah.

He went on to point out errors in the bank’s defense, adding that the government should have listened to advice from academia and others to seek support from the International Monetary Fund earlier.

According to Professor Peprah, the 44.5 billion cedi support for the government has led to a high inflation rate of 54.1%, with almost half of this being attributed to the central bank’s actions.

RelatedPosts

BoG Forex Rules Aiming to Ease Dollar Demand, Shift Exchange Burden to Residents – Dr Theo Acheampong

Black Stars Begin 2026 World Cup Qualifying Campaign with Training in Accra; Set to Depart for Chad Today

Qatar Seeks to Deepen its Influence in Africa With $103bn Investment Pledge

He emphasized that the Bank of Ghana must take sole responsibility for the high inflation in the country, stating that discipline and setting limits could have normalised the situation.

Tags: Bank of GhanaBank of Ghana accused of contributing to high inflation ratesinflation rates
No Result
View All Result

Highlights

Bundesliga Faces Critical Challenge as Premier League Flexes Financial Muscle

US Open: Osaka Dominates Gauff; Swiatek Rolls into Quarters

GLD Posts First Price Gain in September as Market Indices Remain Unchanged

Samba Foods Signs MoU With Unifa Brothers to Revamp Production Lines

Methodist Church Ghana to Launch Connexional Entrepreneurship Programme – Presiding Bishop Asamoah-Gyadu Discloses

Rt. Rev. Emmanuel Ansah Urges Graduates to Embrace Failure as Methodist Church Ghana Outdoors First Cohort of Wesleyan Entrepreneurship School

Trending

Business

BoG Forex Rules Aiming to Ease Dollar Demand, Shift Exchange Burden to Residents – Dr Theo Acheampong

September 2, 2025

BoG Forex Rules Aiming to Ease Dollar Demand, Shift Exchange Burden to Residents – Dr Theo Acheampong...

Black Stars Begin 2026 World Cup Qualifying Campaign with Training in Accra; Set to Depart for Chad Today

September 2, 2025

Qatar Seeks to Deepen its Influence in Africa With $103bn Investment Pledge

September 2, 2025

Bundesliga Faces Critical Challenge as Premier League Flexes Financial Muscle

September 2, 2025

US Open: Osaka Dominates Gauff; Swiatek Rolls into Quarters

September 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.