Ghana Central Bank Urged to Avoid Rate Hike, Boost Growth

Tuesday, September 22, 2009

"Inflation should not be the only indicator for running an economy," said Franklin Cudjoe, director of the Accra-based Imani Ghana think-tank. …
"If there’s money in the system, it will still stimulate growth so we must encourage easy accessibility of funds to businesses," said Cudjoe, urging "a significant drop of about 3 percent" in the prime rate.

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