Moody’s lauds policy rate tightening

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DIET 8 years ago

Proper fiscal consolidation requires budget deficit to be set at the benchmark of 3% of GDP to match the tightening monetary policy depicted by 26% policy rate.

Proper fiscal consolidation requires budget deficit to be set at the benchmark of 3% of GDP to match the tightening monetary policy depicted by 26% policy rate.
Obenfo 8 years ago

What caused the inflation in the first place? How can Moody's laud BoG for such a high and unreasonable interest rate hike. How beneficial is that to the economy and the average consumer?

What the BoG is doing is very e ...
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What caused the inflation in the first place? How can Moody's laud BoG for such a high and unreasonable interest rate hike. How beneficial is that to the economy and the average consumer?

What the BoG is doing is very evil. They have printed and spread too many Cedis than the economy really needs to create inflation and using unreasonable interest rate to mop up, which consequence is becoming seriously alarming to the average consumer.

26% interest rate with inflation at a time when advanced nations are suffering from deflation and near zero interest rate, is just amazing.