The economic situation would have deteriorated without the BoG Governor’s wise initiatives – Analyst

A financial analyst, Dr Amos Anim, has called on Ghanaians to commend the Governor of the Bank of Ghana (BoG) Dr Ernest Addison for the raft of measures that the central bank had undertaken, especially its monetary policy measures that has ensured that inflation doesn’t spiral and also ensure that there is enough liquidity in the system.

In his view, the Governor has been able to provide good policies to to guide the political leadership in how the economy should be managed.

“Some of the politicians are ignorant of the current economies issues. Without the Bank of Ghana’s interventions, the economic situation would have been triple time worse,” he said in a write up.

“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.”

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. ”