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