The Bank of Ghana has indicated it will work closely with managers of the economy to ensure that the declining inflation trend is sustained.

Inflation has seen a consistent decline from about 20 percent in July last year to 9.5 percent last month.

Some analysts are of the opinion the decline is too sharp. There others who are also worried that the declining rate may be coming at too high a price.

The Central Bank Governor however disagrees. Kwesi Amissah-Arthur tells Joy Business low inflation rather enhances economic growth.

He says the bank is also well-positioned to intervene should there be a shock.

“There is great concern about the fiscal situation… “It was recognized that in the other occasions when the country had achieved single digit inflation very quickly inflation had rebounded and had become very high.

“So the whole idea of this is to moderate our reaction in order to have something in store to react appropriately if they go up,” he assured.

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