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

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 […]

The Economics of the Gold for Oil Barter Policy

The minister of finance, Ken Ofori-Atta, presented to parliament the budget statement and economic policy of the government of Ghana for the 2023 financial year on 24th November 2022. This was immediately followed by an economic policy update on Facebook by the vice president, Dr. Mahamudu Bawumia, who is also the chair of the economic […]