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Tag Archives: Prof. Peter Quartey

$670m support to stabilise cedi laudable – Prof. Peter Quartey

Ghana Cedi

Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Peter Quartey, has described as a move in the right direction, the decision by the Bank of Ghana to use six hundred and seventy million dollars ($670,000,000) to stabilize the cedi. The Governor of the Bank of Ghana, Dr Ernest Addison revealed that the amount was used ...

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Century bond to check overpriced projects – Prof Quartey

Prof. Peter Quartey

The government should be able to finance major infrastructural projects and avoid budget overruns if it is to be successful with the maiden century bond. That is the assertion of Economist at the University of Ghana, Professor Peter Quartey. His comments come on the back of justification for the issuance of the bond by the government following President Akufo Addo’s ...

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Mixed reactions meet BoG’s cut in policy rate

bog microfinance

There are mixed reactions to the Bank of Ghana’s new policy rate of 18%. The central bank on Monday, March 26, 2018 announced that it has reduced the policy rate by 200 basis points after concluding its Monetary Policy Committee (MPC) meetings for the quarter. The Governor of the Bank of Ghana, Dr. Ernest Addison among others mentioned that the ...

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Economists critique govt’s debt re-profiling plan

Ken Ofori-Atta - Finance Minister

Some Economists have described as unsuccessful, the NPP government’s debt management strategy within the first year of its administration. In their views, the government must do more if it is to reduce the country’s debt burden going forward. The comments follow the latest Bank of Ghana report which shows that Ghana’s debt has reached 138.8 billion cedis equivalent to 68.7 percent ...

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