• 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

Bank of Ghana’s inflation targeting strategy praised for driving economic growth

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
84
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Bank of Ghana’s inflation targeting strategy praised for driving economic growth

In a recent event commemorating the launch of the book “Central Banking in Ghana and the Governors (Institutional Growth and Economic Development),” the First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku Afari, lauded the inflation targeting framework as the cornerstone of the central bank’s monetary policy formulation strategy.

Dr. Opoku Afari emphasized that inflation targeting has emerged as the most robust strategy to achieve central banks’ objectives, including the Bank of Ghana’s. Drawing from the book’s account of the 65-year history of the central bank, authored by Ivor Agyeman Duah, he underscored the transformative impact of this strategy on Ghana’s growth trajectory.

The book serves as a comprehensive chronicle of the challenges and triumphs experienced by the 14 Governors who have steered monetary policies in Ghana. Its pages unravel the story of how the Bank of Ghana has ascended to become a gold standard for inflation targeting, with its monetary policy committee eagerly anticipated for its monthly press releases that shed light on the state of the nation’s economy.

In his address, Dr. Opoku Afari commended the author for his meticulous work, asserting that the book would not only deepen public understanding of the central bank’s operations but also illuminate the debated concepts of institutional operational independence and accountability within central banking. He further expressed confidence in the book’s value as an indispensable resource for central bankers, academics, and economics students both within and beyond the borders of Ghana.

The commendation from the First Deputy Governor reflects the Bank of Ghana’s unwavering commitment to employing sound monetary policies to drive sustainable economic growth. As Ghana continues its journey towards financial stability and prosperity, the central bank’s inflation targeting framework stands tall as a testament to the effectiveness of prudent policy formulation and implementation.

The launch of “Central Banking in Ghana and the Governors (Institutional Growth and Economic Development)” provided a platform to celebrate Ghana’s central banking heritage while reaffirming the Bank of Ghana’s pivotal role in shaping the nation’s economic landscape through its unwavering dedication to the inflation targeting strategy.

RelatedPosts

Ghana’s Sports Minister Urges Envoys to Promote Country as Investment Hub for Sports and Recreation

Ferrari 1-2 in Free Practice as Hamilton Tops Timesheet in Monza

Kwasi Sibo Receives Late Black Stars Call-Up for Crucial World Cup Qualifier Against Mali

Tags: Bank of Ghana's inflation targeting strategy praised for driving economic growthBOGeconomic growthinflation
No Result
View All Result

Highlights

GCB Bank Launches Hajj Savings Product With GHS 50 Entry Amount 

Ministry of Health Calls for Urgent Action Against Non-Communicable Diseases at National Strategic Meeting

Ghana Cedi Defies Gloom, Emerges Among World’s Best-Performing Currencies

MOBEX Africa Opens Nominations for Continent’s Most Prestigious Technology Awards

GCB Bank Launches Hajj Account to Empower Ghanaian Pilgrims 

BoG Engages on Framework for Non-Interest Banking and Finance

Trending

Business

Ghana’s Sports Minister Urges Envoys to Promote Country as Investment Hub for Sports and Recreation

September 5, 2025

Ghana's Sports Minister Urges Envoys to Promote Country as Investment Hub for Sports and Recreation Kofi Adams,...

Ferrari 1-2 in Free Practice as Hamilton Tops Timesheet in Monza

September 5, 2025

Kwasi Sibo Receives Late Black Stars Call-Up for Crucial World Cup Qualifier Against Mali

September 5, 2025

GCB Bank Launches Hajj Savings Product With GHS 50 Entry Amount 

September 5, 2025

Ministry of Health Calls for Urgent Action Against Non-Communicable Diseases at National Strategic Meeting

September 5, 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.