๐ฌ โThey printed too much money and WE felt it.โ Dr. Johnson Asiama breaks down how excess liquidity from the previous administration created economic chaos and what was done to fix it. ๐
Why did prices spike โ and why are they falling now? ๐ค
Too much money was printed and pumped into the system. Bank of Ghana pulled it back (sterilization) + adjusted rates = Inflation dropping! ๐
The Governor explains. ๐
Government has signed an MOU to inject capital into the Bank of Ghana, reversing the negative net equity that has existed since 2022 under the previous administration.
๐ฌ โOh yes, certainly and I want to say that clearlyโthings are genuinely getting better. People deserve to hear it plainly.โ- Dr. Johnson Asiama
Gold sales to the Middle East remain INTACT and Ghana is eyeing even BIGGER markets. ๐ฌ๐ญ๐ฅโโโโโโโโโโโโโโโ.- Dr. Johnson Asiama, BoG Governor.
The indicators show Ghana's economy is stabilising faster than expected. The Middle East conflict is disrupting energy and shipping routes, boosting oil price volatility and creating uncertainty around global inflation.- Dr. Johnson Asiama.