The Bank of Ghana (BoG) has underscored the urgent need for media practitioners to enhance their understanding of financial and economic issues in order to improve accuracy and clarity in public reporting.

According to the BoG, effective central bank communication and factual reportage on financial matters are essential for deepening public understanding of government policies, promoting transparency, and strengthening the credibility of economic governance.

Speaking to the media on Friday, June 27, after opening a three-day capacity-building seminar for 25 selected journalists in Koforidua, the Eastern Regional capital, Director of Communication at the BoG, Bernard Otabil, emphasized the significance of the training.

He explained that the seminar will cover topics such as understanding the Central Bank’s balance sheet, accurate financial reporting, monetary policy practices, and inflation dynamics in Ghana. The aim, he said, is to reduce disinformation and misinformation in financial reportage.

“Not many people understand economic issues the way they should, and those who do understand not all the facts are made bare to them. Bank of Ghana is a very important institution that uses so many jargons and terms that a lot of people may not fully understand. As a journalist, they have to understand what they are reporting and educate the people on it well,” Otabil stated.