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Dr. Bawumia to launch book on Ghana’s monetary policy

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Dr. Bawumia

A former Deputy Governor of the Bank of Ghana Dr Mahamudu Bawumia will on Tuesday launch a book on Ghana’s monetary policy.

The book entitled: “Monetary Policy and Financial Sector Reforms in Africa: Ghana’s experience,” is the first comprehensive book on Ghana’s monetary policy.

The book evaluates monetary policy in a chronological order from independence to the current era, spanning different regimes.

It covers Direct Controls, Monetary Targeting, and Inflation Targeting under different governments including Nkrumah, National Liberation Council, Busia, Acheampong, Rawlings, and Kufuor.

With the benefit and experience of hindsight, Dr Bawumia also did an in-depth analysis of the re-denomination exercise, the national payment system, and the controversial inflation targeting regime of the Bank of Ghana.

The former Deputy Governor also discusses in his book the slow response of banks to cuts in policy rates and brings his perspective to bear.

Renowned economists and bankers such as Dr Joe Abbey of the Centre for Economic Policy Analysis, Dr Sam Mensah of Sem Capital, and Alhasan Andani of Stanbic Bank will review the book at the launch.

Source: GNA

First Lady says ICT is critical to wealth generation

     Patrensa (Ash), Oct 25, GNA - Mrs Ernestina Naadu Mills, the 

First Lady, has said it was important to focus more on the 

promotion of Information Communication Technology (ICT) and 

that  this was critical to job and wealth creation.
       She appealed to all Ghanaians to strive to become computer 

literate and said people lacking ICT skills risked being marginalized 

as the economy and society became increasingly dependent on 

electronic communication systems.
      Mrs Mills was speaking at the launch of the Asante-Akim 

Technology Institute at Patriensa near Konongo.
      Founded by Dr Osei Darkwah, President of the Ghana Telecom 

University College, the Institute seeks to pioneer the concept of 

"Virtual High School", a new educational innovation that makes it 

possible for high school students to have access to global 

educational resources through ICT.
      The First Lady lauded the initiative which integrates classroom 

learning with expectations on the job market.
      She said the vision of the Institute represented hope for millions 

of rural people in Ghana looking for options to further their 

education and expressed the confidence that programmes it offered 

would be responsive to the educational needs of the country.
     "The Virtual High School will significantly provide access and 

expand educational opportunities to the thousands of our youth 

looking for opportunities to further their education", Mrs Mills said.
      Mr Kofi Opoku Manu, the Ashanti Regional Minister, said the 

introduction of the "virtual education" was a novelty, worthy of 

support by all well-meaning Ghanaians.
       He appealed to industrialists to partner the institute to design 

programmes to meet the human resource requirement of industry.
       Dr Osei Darkwah said the new technology-driven institute was 

being positioned as an educational facility for all senior high schools 

in the municipality.
       It would offer professional development courses in both the 

traditional and virtual education, he said.
GNA

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