Sunyani: Mr. Bernard Ato Otabil, the Communication Director of the Bank of Ghana (BoG), has urged the media to focus on positivity and impactful stories to consolidate national economic gains. He emphasized the importance of highlighting remarkable successes and economic achievements to help the nation consolidate its economic progress.
According to Ghana News Agency, Mr. Otabil pointed out that the nation's inflation currently stands at 9.4 percent, marking a four-year low and falling within the target band. He made these remarks during a media training workshop organized by the Central Bank in Sunyani, which aimed to empower the media to accurately interpret and report on economic issues, monetary policy decisions, and their implications.
Participants of the workshop were educated on various topics, including the mandate and regulatory role of the BoG, understanding monetary policy committee statements and submissions, as well as inflation dynamics. They were also briefed on developments in the foreign exchange market, the BoG Data Pack, and the Central Bank Balance Sheet.
Mr. Otabil emphasized that positive stories on macroeconomic fundamentals, such as low and stable inflation, falling interest rates, high reserve accumulation, and a stable currency, point to a strong and confident economic outlook. He urged the media to give these stories the attention and focus they deserve, stressing the untold story of how high and unstable inflation can erode savings.
He reaffirmed the Central Bank's commitment to ensuring that inflation remains low and stable while urging the media to produce stories that inform investor decisions, influence market action, and ultimately define economic growth and sustainable development. Mr. Otabil also encouraged the media to maintain patriotism and protect the truth despite any challenges, urging them to remain professional in their practice.
