09
Jan
The Governor of the Bank of Ghana, Dr. Ernest Addison, has stated that his administration started with a robust fiscal stance as the central bank financing from 2017 through to 2019 and 2021 was zero, even though the Bank of Ghana Act pegged it at 5% of the previous year’s tax revenue. According to him, this pushed inflation down quickly. Therefore, he added, the monetary policy rate also came down, and growth rebounded strongly, alluding that “This was the context for the first three years of the current administration”. Furthermore, the Governor said on the sidelines of the ECCB 40th…