Bank of Ghana (BoG)

The International Monetary Fund (IMF) jumped to the Bank of Ghana (BoG)’s defence insisting the regulator’s current financial position will not affect monetary policy operations. IMF has maintained that the Bank of Ghana’s current financial position will not affect monetary policy operations and mandate. This was captured in an update issued by the IMF on Ghana’s programme with the Fund. The IMF in its latest Question and Answer on Ghana’s Programme noted that despite the Bank of Ghana’s challenging financial position, this will not prevent the central bank from fulfilling its policy mandate and ensuring that the inflation rate gradually…