Financial analyst tells Ghanaians to commend, not vilify BoG Governor for sustaining the economy 

In his view, the Governor has been able to provide good policies to guide political leadership on how the economy should be managed.

“Some of the politicians are ignorant of the current economic issues. Without the Bank of Ghana’s interventions, the economic situation would have been triple time worse,” he said.

“The current measures being implemented by the Bank of Ghana are yielding results,” Dr Anim stressed.

He added that, “The decision to increase the policy rate in the last MPC meeting was  apt.

“I am also  aware of the recent clamp down to flush out the activities of the black market operators. This is part of measures to ensure a stable currency. Let’s rather support and encourage the Governor and not to make statements that tend to vilify him. Despite the current situation, l haven’t heard of any financial institution complain of liquidity challenges.”

The BoG has ensured that there is liquidity in the system. Mr Anim further indicated.

At a recent meeting with the Universal banks and the Association of Forex Bureau operators, the Governor promised to ensure that there is liquidity until the IMF programme kicks in.

Dr Anim was reacting to a statement by the Member of Parliament for Bolgatanga Central, Isaac Adongo, who accused the Governor for contributing to the current economic situation.

“In spite of the crash of the Pound, the Bank of England Governor is still at post. He has the support of the populace and key actors in the UK economy. Has the Bank of England Governor been asked to resign?

“I think we shouldn’t politicise the situation and support the BoG Governor to succeed,” he remarked.