We examine the effectiveness of monetary policy transmission mechanism in Ghana using several of statistical and … addition, a hierarchy of short-term money market rates in Ghana is identified as follows: Monetary Policy Rate, Treasury bill … interest rate in the interest rate transmission channel in Ghana. Essentially, monetary authority responds positively and …

policy rules in the context of Africa and Ghana in particular is worrying, given the numerous breaches of the publicly … announced inflation targets. The study estimates the Bank of Ghana's policy responses over the inflation targeting period using … the Taylor rule. We find that the Bank of Ghana reacts asymmetrically to inflation gap below and above the estimated …

(in Ghana and South Africa). We compare the properties of both policies when the central banks respond to three negative …