IS THE CENTARAL BANK'S SHINE DIMMING?

As Recent Actions Leaves the Market in Uncertainty The recent upward review of the prime rate by the monetary policy committee by the bank of Ghana has thrown up some major doubt about the direction and the monetary policy posture. Apparently the aggressive inflation targeting policies of the Bank at the expense of growth has failed to arrest the inflation to rate below the double digit. the bank has been so obsessed with a single digit inflation over the last decade that it was prepared to sacrifice all other policies to achieve it. buoyed on by the Bretton Woods institutions and a government obsessed with achieving "macro-economic stability".