Audio By Carbonatix
The Bank of Ghana says it would not move to aggressively reduce the amount of monies in circulation.
The general price levels of goods and services have increased sharply over the past months, after a brief hold up in July.
It currently stands at 11.9 percent for the month of September.
Analysts are predicting that this could see consumers paying more for their goods and services in the coming months.
It’s been suggested that the Central Bank has often intervened to reduce money in circulation to contain the situation.
But First Deputy Governor of the Central Bank , Millison Narh tells Joy Business they would not go that way.
“We are aware of the supply side to the increases …we are watching, taking the appropriate measures but we are not going to tighten the monitory policy on the basis of supply side shorts.”
Latest Stories
-
Osaka apologises for ‘disrespecting’ Cirstea
4 hours -
Midfielder Casemiro to leave Man Utd this summer
4 hours -
Infantino joke about British fans was ‘cheap’ – FSA
4 hours -
Labourer gest 10 months imprisonment for stealingÂ
4 hours -
Building contractor remanded over trespass, threat of harmÂ
4 hours -
Any candidate who contests on NPP’s ticket in 2028 will lose abysmally – Nana Yaa Jantuah
4 hours -
Firefighters rescue dog trapped in well at Amamorley
5 hours -
COMAC reaffirms unity amid member self-suspension
5 hours -
If we can mobilise against disease, why not against poverty, dependency? – Mahama asks leaders
5 hours -
How solar light is changing life in a small community near Aframso, supporting Climate Action
5 hours -
Economic gains must be sustainable beyond 2028 – Kyei-Mensah-Bonsu
5 hours -
Resources should go into rail development, not new expressway – Kyei-Mensah-Bonsu
5 hours -
CEO of Afcallo Ventures Christabel Ofori reveals how her son inspired her to start a skincare business
5 hours -
NPP must ensure peaceful primaries amid internal tensions – Asah-Asante
5 hours -
Emotional stress key factor in men’s sexual performance – Dr Twumasi Ankrah
5 hours