Monetary Policy
Transcript of Feb. 2015 MPC Press Release
Thursday, 26 February 2015 00:00

We will continue to maintain a policy stance that will help us to sustain the stability. A lot of people did not believe me last year when I kept saying that the continued depreciation of the cedi was due to speculative activity. We saw the sharp reversal towards the end of the year. So, this is still a part of the trend now. The question is how to calm the nerves and how to make people believe that the policies we have outlined will be followed through. We are very firm that an IMF programme will be concluded and signed off.

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