BOG moves against inflation

The Central Bank of Ghana (BOG) is currently shifting its monetary policy from deficit financing to financing the productive private sector. This is to reduce excess liquidity in the economy with the view to containing the high rate of inflation in the Ghanaian economy. Dr Kwabena Duffuor, Governor of the Bank of Ghana disclosed this in a speech presented on his behalf at a seminar on "Monitoring sustainable mortgage finance schemes in Africa".