The Bank of Ghana (BoG) has called on the media to break down complex economic concepts and monetary policy decisions into clear, accessible information for the public.
Speaking at the opening of a two-day capacity-building workshop for 25 journalists in the Central Region, BoG’s Director of Communications, Mr. Bernard Otabil, stressed the need for a vibrant and well-informed media that understands the Central Bank’s mandate in promoting economic stability and strengthening Ghana’s macroeconomic framework.
“The media must go beyond reporting the activities of the Bank. They need to understand our role in building economic resilience and promoting transparency” he said.
Mr. Otabil noted that effective communication is key to instilling confidence in the bank’s monetary policy decisions and anchoring expectations.
Mr. Otabil explained that the training reflects BoG’s commitment to empowering journalists with the knowledge to report accurately on issues such as monetary policy, macroeconomic analysis, financial markets, and inflation dynamics. He also urged journalists to combat misinformation and disinformation by deepening their financial literacy to provide credible content to the public.
On his part, Kingsley Nana Boadu, Central Regional Chairman of the Ghana Journalists Association (GJA), welcomed the collaboration with BoG, noting that it will equip journalists with the specialization needed in financial reporting.
“As journalism evolves globally, there is the need for specialization. If you choose financial reporting, do it well. This is one area that requires clarity, especially when explaining budgets and economic policies,” he said, adding that journalists must prevent politicians from dominating the narrative on economic issues.
The workshop covered topics such as: Accurate Reporting on Economic Issues, mandate and regulatory role of the BoG, and monetary policy practice in Ghana.
Other topics included: macroeconomic indicators and their Significance, developments in the foreign exchange market and understanding inflation dynamics in Ghana.
The 25 participants were drawn from various media houses across the Central Region. About 100 journalists have previously benefitted from the training in the Volta, Ashanti, Western, and Eastern regions, bringing the total number trained under BoG’s capacity-building programme to 125.
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