Whither Our Monetary Policy?

Read Comments Comments (13)

• JAMES PEROVER 12 years ago

  DEAR DOCTOR,THANKS FOR YOUR CONCRETE SUGGESTIONS.YOU ARE TRULY A PROGRESSIVE NATIONAL.KINDLY BRING MORE AWARENESS TO THE GOVERNMENT AND ALL CITIZENS INCLUDING THOSE LIVING ABROAD.ORGANIZE LECTURES AND WORKSHOPS FOR FINANCIAL ...
  read full comment

  DEAR DOCTOR,THANKS FOR YOUR CONCRETE SUGGESTIONS.YOU ARE TRULY A PROGRESSIVE NATIONAL.KINDLY BRING MORE AWARENESS TO THE GOVERNMENT AND ALL CITIZENS INCLUDING THOSE LIVING ABROAD.ORGANIZE LECTURES AND WORKSHOPS FOR FINANCIAL INSTITUTIONS,STUDENTS AND GOVERNMENT OFFICIALS.WE NEED YOUR EXPERTISE.GOD BLESS YOU.HELP TO MOVE GHANA FORWARD.

  reply
• ataa nii 12 years ago

  we have to work together creating jobs which allowed taxes to be paid,forward thinking OMAN GHANA.

  we have to work together creating jobs which allowed taxes to be paid,forward thinking OMAN GHANA.

  reply
• K. Frimpong 12 years ago

  if the police, the customs and other goverment institutions will stop collecting bribes and divert all the money to government chest there will be enough funds for the nation. imposing more tax on the citizens will be a burde ...
  read full comment

  if the police, the customs and other goverment institutions will stop collecting bribes and divert all the money to government chest there will be enough funds for the nation. imposing more tax on the citizens will be a burden for them with the amount of salary they have now.
  in the nodern countries the police and the customs add a lot of money to the government chest . the government has to provide a nechanism to stop this bribery & corruption and this will save our dear nation a lot. If called i can help in giving my views and ideas which it can be stopped.

  reply
• GHANAVIA 12 years ago

  NDC-appointed Governor of the Central Bank has failed woefully and big time.
  
  What have they learned from the former Governor, Dr Paul Acquah? Nothing.
  The NDC cannot get any act right.

  NDC-appointed Governor of the Central Bank has failed woefully and big time.
  
  What have they learned from the former Governor, Dr Paul Acquah? Nothing.
  The NDC cannot get any act right.

  reply
• Paul Amuna 12 years ago

  This is a more balanced and sensible analysis although this you would admit is not the complete picture. A far cry from the thrash that we have read from Dr Bawumia I must say.

  This is a more balanced and sensible analysis although this you would admit is not the complete picture. A far cry from the thrash that we have read from Dr Bawumia I must say.

  reply
• AMARIYA 12 years ago

  The NDC is running running Ghana down. By this trend we have fallen down from the mountain. The Bank of Ghana should not act as Nkrumah in (1965) and Uganda under Iddi Amin.

  The NDC is running running Ghana down. By this trend we have fallen down from the mountain. The Bank of Ghana should not act as Nkrumah in (1965) and Uganda under Iddi Amin.

  reply
• KK Konadu 12 years ago

  Never forget Kuffour's 10,000 times devaluation of the cedis will have repercusions- The devaluation that was call redenomination must be analysed - the impacts on the economy. It is one crazy historic and stupid dissaster on ...
  read full comment

  Never forget Kuffour's 10,000 times devaluation of the cedis will have repercusions- The devaluation that was call redenomination must be analysed - the impacts on the economy. It is one crazy historic and stupid dissaster on Ghana's economy.

  reply
• EZEKIEL 12 years ago

  All over the world, Economists tell us about DIFFERENT theories on how to manage our economies.Very OFTEN the Specialists also MISS the Targets and their policy RECOMMENDATIONS turn out to be false. Since Economics IS NOT an ...
  read full comment

  All over the world, Economists tell us about DIFFERENT theories on how to manage our economies.Very OFTEN the Specialists also MISS the Targets and their policy RECOMMENDATIONS turn out to be false. Since Economics IS NOT an EXACT science,Dr.Assibey-Yeboah has told us of his VIEW of HOW to manage our Economy.Please,other Economists,COME FORWARD with your THEORIES and HELP US DEVELOP Ghana!
  MOST IMPORTANT.....how do we achieve high employment...the Olympic Gold question????????
  Please, NO ABUSES on ANY Ethnic group! Just good advice and those,like me,who have a NEAR ZERO KNOWLEDGE of "formal" economics...should STAY AWAY from commenting!

  reply
• SON OF MAN 12 years ago

  Dr. Assibey-Yeboah's recommendations are sounds only and only if they are implemented simultaneously with effective quantitative modeling which I doubt ever exist in our policy initiations. We all point to poor management as ...
  read full comment

  Dr. Assibey-Yeboah's recommendations are sounds only and only if they are implemented simultaneously with effective quantitative modeling which I doubt ever exist in our policy initiations. We all point to poor management as one of the main causes of our failures to manage resources in Ghana. However, I'm yet to come across any level headed recommendation from our so called policy and research institutions to outline what constitute effective resource or financial management. All these policy recommendations without effective forecasting tools that closely estimates what the actual results of the policies are like to be is nothing but gabbage. I'm yet to come across any forward looking analysis of Bank of Ghana that sort to predict in near terms what an intended policy initiative ought to accomplish and compare present actual to historical forecasts and critically analyze the discrepancies. In a nutshell what I'm saying is that we need to invest more time and resources in perfecting our technicalities...all these verbiage (theorical ways of managing an economy) without critical analysis that employees up-to-update quantitative techniques will not yield any margical results.

  reply
• tegare 12 years ago

  Ezekiel, dont make a mistake, i have zero knowledge of economics, but i believe economics is nothing, means nothing, solves no problems otherwise europe and americas would not be having serious economic problems. there is som ...
  read full comment

  Ezekiel, dont make a mistake, i have zero knowledge of economics, but i believe economics is nothing, means nothing, solves no problems otherwise europe and americas would not be having serious economic problems. there is something basically wrong with monetary policies as practised all over the world today. from my small research, i've come to a conclusion that the basis of monetay problems faced by all is PARTIAL RESERVE BANKING. unless we do away with that, forget......

  reply
• THE SEARCHLIGHT 12 years ago

  A WELL PRESENTED CASE.IN SUPPORT OF THE ABOVE ARTICLE I WOULD LIKE TO ASK:
  IS BOG NOT AWARE THAT CUTTING INTEREST RATES WOULD HAVE AT LEAST GONE A LONG WAY TO BALANCE HIGH INFLATION TRIGGERED BY THE RECENT SUBSIDY REMOVAL ON ...
  read full comment

  A WELL PRESENTED CASE.IN SUPPORT OF THE ABOVE ARTICLE I WOULD LIKE TO ASK:
  IS BOG NOT AWARE THAT CUTTING INTEREST RATES WOULD HAVE AT LEAST GONE A LONG WAY TO BALANCE HIGH INFLATION TRIGGERED BY THE RECENT SUBSIDY REMOVAL ON PETROL?
  BOG MAY HAVE ITS ON ECONOMIC APPROACH AND STRATEGY. BUT WE SOMETIMES HAVE TO TAKE OUR EYE OFF THE IMF BOOKDOGMA AND LOOK AT THE POEPLE AROUND US;FROM THE STRUGGLING FARMER TO THE HAND TO MOUTH FISHERFOLK WHEN IMPLEMENTING MONETARY POLICES AS PART OF AN OVERALL EECONOMIC PLAN.THAT IS WHAT WE CALL PRACTICAL ECONOMICS FAR FROM BOOK ECONOMICS.

  reply
• Sankofa 12 years ago

  Dr Mark Assibey-Yeboah, it is precisely this kind of book-long talk which has created our economic problems.
  
  Please let us stop imbibing western concepts and practices without critical scruitiny. How can you advocate quant ...
  read full comment

  Dr Mark Assibey-Yeboah, it is precisely this kind of book-long talk which has created our economic problems.
  
  Please let us stop imbibing western concepts and practices without critical scruitiny. How can you advocate quantitative easing by BoG when this has not worked in USA and UK?
  
  Hyper-Inflation has bedevilled our economy in the past, eroding whatever econpmic growth we have had. We need to keep inflation low. Even at 8 to 9 %, inflation is still high. Making credit freely available is no guarantee for or prerequisite to job creation. It is not even clear that the MPC interest rate management is filtering through to the economy at large, as banks have not necessarily adjusted their lending rates in line with base rate changes.
  
  We must maintain fiscal discipline. We must address unemployment by encouraging investment in our economy by Ghanaians at home and in the diaspora. We must strengthen and expand current gov't initiatives to create jobs. We must enforce legislation requiring foreign companies to employ and train Ghanaians to acquire skills. We must support and encourage Ghanaians to set up businesses.
  
  Dr Mark Assibey-Yeboah,rethink your economic proposals, and avoid the trap of parroting the West.

  reply
• tegare 12 years ago

  there is only one monetary policy that will benefit us, and probably everyone - yes everyone, and that is FULL RESERVE BANKING. did u notice 'stand ready to supply any amount that banks may require at (cheaper) lending rates. ...
  read full comment

  there is only one monetary policy that will benefit us, and probably everyone - yes everyone, and that is FULL RESERVE BANKING. did u notice 'stand ready to supply any amount that banks may require at (cheaper) lending rates.' that is where the problem is......

  reply