Dr Stephen Amoah

10 Aug

Attacks On Bank Of Ghana Unfounded – Stephen Amoah

wontumionlineBusinessbank of ghana, Dr Stephen Amoah, Minority

The attacks on the Bank of Ghana (BoG) by the National Democratic Congress (NDC) and their Minority in Parliament for the GH¢60.8billion loss, are unfounded, Deputy Minister of Trade And Industry Dr Stephen Amoah has said. Dr Amaoh said that the central bank has stated clearly the causes of the problems. The Minority Leader Dr Cassiel Ato Forson had accused the Akufo-Addo administration of preparing the grounds for the collapse of the financial sector. He said the government has been reckless in the management of the economy which has pushed the Bank of Ghana into financial difficulties. Their recklessness and…

29 Jun

Policymakers Must Exercise Caution In Adjustment Of High Interest Rates – Stephen Amoah

wontumionlineBusinessDr Stephen Amoah

Deputy Minister for Trade and Industry, Dr. Stephen Amoah, has expressed concern over excessive hikes in interest rates and its impact on trade and industry in Ghana. According to him, these interest hikes have a resultant effect on inflationary pressures which impact the cost of living, particularly for good and services in the sector. Speaking at the 2023 Financial and Economics Seminar held in Accra on June 28, the deputy trade minister called on policymakers to remain cautious in the adjustment of interest rates. He argued that adopting such excessive measures to hike interest rates could impact moves to reduce inflationary…