The Bank of Ghana conducted a workshop in Ho to train journalists on economic reporting, emphasizing accuracy and ongoing education. Director Mr. Bernard Otabil stated that misinformation often arises from a lack of understanding. The workshop covered pivotal topics in economics and highlighted the need for specialized knowledge in journalism.
The Bank of Ghana (BoG) emphasizes the crucial role of accuracy in financial journalism, stating that a journalist’s effectiveness hinges on their grasp of economic concepts. During a recent workshop in Ho, Volta Region, the Director of Communications, Mr. Bernard Otabil, highlighted the need for ongoing education among journalists to combat misinformation that arises from misunderstandings of financial matters. He remarked that a well-informed journalist is essential for accurate reporting on economic issues.
Inflation, described by Mr. Otabil as an “armed robber,” stealthily diminishes savings and complicates financial planning for individuals. He reiterated that the BoG’s responsibility includes controlling inflation, which directly affects the cost of living and exchange rates. Continuous monitoring of rising prices against stagnant income is vital in maintaining economic stability and public welfare.
During the workshop, participants explored critical topics such as Macroeconomic Analysis, Monetary Policy in Ghana, and Inflation Dynamics. Mr. Otabil stressed the importance of specialization in journalism, encouraging attendees to engage in weekly reading of economic articles to enhance their expertise over time. He suggested that consistent practice, rather than sporadic training, is essential for developing a comprehensive understanding of financial reporting.
Drawing comparisons with global standards, Mr. Otabil noted that UK media organizations often prioritize reporters with specialized knowledge in financial matters. This emphasis on expertise is seen as beneficial for producing insightful and accurate financial news coverage. The initiative embodies the BoG’s commitment to improving the media’s capacity for accurate reporting, aimed at fostering more informed public discourse about economic issues in Ghana.
This article focuses on a recent workshop organized by the Bank of Ghana aimed at strengthening the skills of journalists in economic and financial reporting. The central bank recognizes the importance of accurate financial news coverage and seeks to equip journalists with the knowledge needed to report competently on complex economic subjects.
The Bank of Ghana’s workshop highlights the significance of media accuracy in financial reporting. By fostering a continuous learning environment for journalists, the BoG aims to mitigate misinformation and enhance public understanding of economic realities. Ultimately, this initiative strives to cultivate a more informed society through responsible journalism, focusing on critical economic matters affecting citizens.
Original Source: www.gbcghanaonline.com
