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Policy Incoherence: Why Inflation is Running Away from the Bank of Ghana’s Target

Policy Incoherence: Why Inflation is Running Away from the Bank of Ghana’s Target

February 14, 2023

The Bank of Ghana (BoG) commenced its policy rate hike cycle in November 2021 well ahead of major central banks such as the US Federal Reserve. US inflation in recent months has peaked and started declining while inflation in Ghana shows no signs of sustained disinflation. The Ghana Statistical Service (GSS) in its December 2022 […]

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