“The Mystery of Capital”, a book written by the Peruvian Economist Hernando De Soto, immediately comes to mind anytime one considers Ghana’s fiscal situation. This book examines the importance of the extralegal sector to the economy. The extralegal sector is made up of assets, properties and businesses that fall...
Optimal Reserve Ratio (Gold Reserve / Foreign Reserve)-Targeting (30%) , in tandem with Inflation-Targeting
The present Government's Cedi stability policies are recycled from 2000 - 2008 (Pre - Global Financial Crisis), and inappropriate for today's global monetary environment (Quantitative Easing dilutes Ghana's Cash Reserves), and some negative nominal interest rates...