Dr. Amos Anim, a financial analyst, has urged Ghanaians to commend Bank of Ghana (BoG) Governor Dr. Ernest Addison for the wide range of actions the central bank has taken, particularly its monetary policy actions that have ensured that inflation doesn’t spiral out of control and that there is enough liquidity in the system.
“Some politicians don’t understand the current economic problems. The economic situation would have been three times worse without the Bank of Ghana’s interventions, he wrote in a report.
“The current measures being implemented by the Bank of Ghana are yielding results,” Dr Anim stressed.
He added “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.”
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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. ”
“Inspite 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. ”
