Ghana Central Bank Governor Sees Room for Looser Policy

The video discusses the completion of financial reforms in Ghana, focusing on the banking sector's role in economic growth. It highlights improvements in corporate governance, the impact of global trade disruptions, and inflation trends. The reforms aim to strengthen the banking sector, ensuring it supports economic growth while addressing job market concerns and potential risks.

What were some of the initial challenges faced by Ghana's banking sector?

• High inflation and currency stability

• Low inflation and currency instability

• High inflation and currency instability

• Low inflation and currency stability

What is one of the key features of the new corporate governance directive in Ghana?

• Unlimited term for bank executives

• No qualifications required for board members

• No board evaluations required

• Term limitations for executives

What was the growth rate of Ghana's economy in 2018?

• 3.6%

• 5%

• 7%

• 9%

What is the expected private sector credit growth in Ghana?

• Less than 10%

• More than 20%

• Exactly 20%

• Around 15%

How has the passthrough of exchange rate depreciation into inflation changed in Ghana?

• It has increased

• It has remained the same

• It has no effect

• It has reduced

What is the target inflation rate for Ghana?

• 12%

• 10%

• 8%

• 6%

What is the potential impact of banking sector reforms on employment in Ghana?

• Only job growth

• Initial job losses but potential for job growth

• No impact on jobs

• Significant job losses