Macroeconomic Governance • 29 Aug 2022 The Ghana Cedi Cannot be Saved by Spin In January 1994, the French government caved in to pressure and slashed the value of the CFA currency, used by its former colonies in Africa, by half. Overnight, prices skyrocketed, purchasing power dropped, and widespread violence erupted in many cities. In response, the IMF was invited in, France slashed debts... read more
Macroeconomic Governance • 17 Aug 2022 Is the Bank of Ghana Losing the Plot? As I write this, members of the Bank of Ghana’s Monetary Policy Committee (MPC) are huddled together poring over the dire numbers of Ghana’s ongoing economic tragedy. Five of the seven members of the committee are basically just senior executives of the Bank of Ghana: the Governor, his two deputies,... read more
Economic Development • 11 Aug 2022 Is the Ghana Card going to save SSNIT $30 million a Year? Interacting with the Press on 9th August 2022, the Director-General (DG) of SSNIT, Ghana’s public pensions operator, provided some numbers to help the discussion about the economic benefits of the Ghana Card, the ID system the government wants to underpin all public services. In the DG’s estimation, in the event... read more
