The Governor of Bank of Ghana, Dr Henry Kofi Wampah, says monetary policies will continue to be tightened to contain pressure exerted on the cedi and commodity prices.
He said though earlier measures implemented by the Bank to ease such pressures were greeted with mixed reactions especially by external investors, the Central Bank has the responsibility of reducing fiscal deficit in the short to medium term.
Dr Kofi Wampah was speaking at the opening of the 39th plenary session of the African Economic Research Consortium in Accra.
The four day workshop which is looking at Tax and Expenditure Reforms in Africa is expected to come out with policy recommendations to help contain challenges posed by Macro Economic Management.
Source: GBC
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