Professor Peter Quartey, former Director of the Institute of Statistical, Social and Economic Research (ISSER), has urged the government to strike a careful balance between reducing inflation and sustaining economic growth.
Speaking at the launch of the State of the Ghanaian Economy Report in Accra, Professor Quartey warned that while lowering inflation is essential for macroeconomic stability, overly aggressive monetary tightening could hinder job creation and business expansion.
“We must be careful not to pursue lower inflation at the expense of growth and employment. Policies should support price stability while also creating space for businesses to thrive and for the economy to grow sustainably,” he said.
His remarks follow comments by Bank of Ghana Governor, Dr. Johnson Asiama, who indicated that inflation is expected to decline further in the coming months.
Professor Quartey commended the central bank’s progress in stabilising prices but stressed the need for a coordinated fiscal and monetary approach that supports productive sectors of the economy.
“Inflation management should go hand-in-hand with measures that stimulate investment, enhance productivity, and promote job creation,” he added.
The State of the Ghanaian Economy Report, ISSER’s annual publication, provides a comprehensive analysis of key economic indicators, policy developments, and sectoral performance. This year’s report highlights Ghana’s steady progress in restoring macroeconomic stability while underscoring the challenges of sustaining inclusive growth amid global and domestic pressures.
Source:FiilaFmonline/Adomonline
