IMF says BoG’s multi-billion cedi losses were part of economic recovery

The International Monetary Fund (IMF) has defended the Bank of Ghana (BoG)’s massive financial losses, stating that its aggressive policy actions were necessary to stabilise the economy during Ghana’s crisis period. Speaking on PM Express Business Edition on Thursday, IMF Mission Chief Ruben Atoyan rejected suggestions that the central bank acted too aggressively in tightening […]