Report advises Ghanaian government to cut expenditure by 30% to combat inflation.
Dr. Richmond Atuahene and Isaac Kofi Agyei's report advises the government to cut its expenditure by 30% to combat inflationary pressures. The report, titled "Thirsty Banks: Ghana's 2023 Challenge with High Cash Reserve Ratios," highlights the government's reliance on traditional monetary policy tools, which have become less effective due to the structure of the Ghanaian economy. The authors recommend a balanced approach to restore economic stability in the banking sector.
April 07, 2024
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