President of the Private Newspaper and Online News Publishers Association of Ghana (PRINPAG), Andrew Edwin Arthur, has praised the Bank of Ghana for its efforts on behalf of Ghana as a whole.

He claims that the Central Bank has taken steps to ensure that media representatives are adequately informed about its policies and measures for improving financial reporting on economic development, growth, and stability.

The PRINPAG president noted that although the Central Bank has received public criticism recently, he feels that its actions have been within the regulations controlling its mandate while speaking at the BoG's annual financial literacy event organized for business and financial media.

“I applaud Bank of Ghana for forging a partnership and collaboration with the Ghanaian media to educate the public about the economy, echoing PRINPAG's policy of encouraging its members to specialize in their chosen profession," Mr Arthur said.

“This collaboration with the media is helping Ghanaians better understand economic issues, thus fostering greater interest in public discussions about the economy,” he added.

The annual financial literacy program, conducted under the theme "Restoring Confidence in the Economy: The Impact of Monetary Policy," is an integral component of the Bank of Ghana's dedication to implementing policies and initiatives that prioritize the well-being of the people, foster financial inclusion, and stimulate business growth within the country.

Dr. Philip Abradu-Otoo, the Director of Research at the Bank of Ghana, who stood in for Central Bank Governor Dr. Ernest Addison, conveyed appreciation for the media's vital role in disseminating valuable information regarding economic policies. He emphasized that such efforts promote transparency and accountability in economic matters.

"We believe in the power of the media to educate and inform the public and we are committed to fostering this collaboration for the betterment of Ghana's economy," the BoG Director said.

“This positive collaboration has contributed significantly to the media's ability to provide accurate and comprehensive reporting on financial matters, thereby enhancing public awareness and confidence in the financial sector,” he added.

The presidents of Journalists for Business Advocacy (JBA) and Institute for Financial and Economic Journalists (IFEJ), as well as other important business and financial journalists from across the nation, attended the training event.