Monetary policy must be climate-friendly, Bank of Ghana official says
It is ‘paramount’ for central banks to incorporate climate risks into monetary policy, official says
The future of monetary policy will need to ensure it is climate-friendly, according to a senior official from the Bank of Ghana.
Speaking at Central Banking’s Summer Meetings on June 15, Philip Abradu-Otoo said it was “paramount” for central banks to begin incorporating the impacts of climate change into their monetary policy decisions.
Abradu-Otoo, who is head of research at the central bank, warned climate change would have ramifications for employment, savings, inflation, inequality and
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