Monetary policy must be climate-friendly, Bank of Ghana official says


Philip Abradu Otoo

Philip Abradu-Otoo, head of research, Bank of Ghana

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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