UK based Accounting and Auditing Professional Conrad Dumbah has cautioned the Bank of Ghana against what she described as tinkering with the economy.
According to him recent moves by the Central Bank to mop up excess liquidity in the economy are too late in the day and would only worsen the current economic difficulties.
The Dr. Ernest Addison led Central Bank in an attempt to halt rising inflation raised interest rates to 22% and increased primary reserves for banks to 15%.
In a swift, UK based Accounting and Auditing Professional Conrad Dumbah compared the BoG’s measures to using plasters to cure a headache.
Conrad Dumbah was speaking in an interview with Sena Nombo on the Gold Morning Conversation on Radio Gold.
He said the BoG’s intervention is mistimed as the drivers of the inflation the country is experiencing are not within the domain of the Central Bank.
Story: Radiogoldlive.com