Business News of Wednesday, 21 October 2026

Source: www.ghanaweb.com

BoG ends financial journalism training with call for ethical reporting

Bernard Otabil reiterated the Bank’s call for credible, accurate and ethical journalism Bernard Otabil reiterated the Bank’s call for credible, accurate and ethical journalism

The Bank of Ghana (BoG) has concluded a three-day training workshop for members of the Bank of Ghana Press Corps in Koforidua, aimed at strengthening journalists’ understanding of central banking and promoting ethical financial reporting.

The workshop, held from October 19 to 21, 2026, provided a platform for journalists to deepen their knowledge of monetary policy, financial sector developments and the role of the central bank in maintaining economic stability.

In his closing remarks, the Director of Communications at the Bank of Ghana, Bernard Ato Otabil, reiterated the Bank’s call for credible, accurate and ethical journalism, warning that misinformation and disinformation posed significant threats to economic stability and public confidence.

Otabil said accuracy in financial reporting was not merely a professional responsibility but also an economic asset, noting that misleading reports and sensational headlines could trigger market panic, distort public understanding and undermine confidence in the financial system.

He urged journalists to uphold the principles of accuracy, fairness, independence and accountability in their coverage of economic and financial issues.

He also encouraged participants to make economic reporting more accessible by presenting complex financial concepts in ways that ordinary citizens could easily understand.

Emphasising the importance of public confidence in the national currency, Otabil stated that the cedi was not just paper or coin, but a symbol of trust.

He noted that responsible financial journalism was essential to helping the public understand economic developments, including changes in inflation, interest rates, exchange rates and monetary policy decisions.

According to him, journalists have an important role in ensuring that financial information is communicated accurately and responsibly, particularly at a time when false information can spread rapidly and influence public perceptions of the economy.

The workshop forms part of the Bank of Ghana’s broader efforts to strengthen its engagement with the media and improve the quality of financial and economic reporting in the country.

Otabil reaffirmed the Bank’s commitment to sustained collaboration with the media through expanded training programmes, stakeholder dialogues and other capacity-building initiatives.

He expressed the hope that the knowledge acquired during the workshop would reflect in the quality of reports produced by participants and contribute to more informed public discussions on monetary and financial sector developments.

Participants expressed appreciation to the Bank of Ghana for organising the workshop, describing the initiative as an opportunity to improve their understanding of central banking and strengthen their capacity to report on economic issues.

The training also underscored the importance of continuous professional development for financial journalists, given the complexity of economic policy decisions and their implications for businesses, investors and households.