The remarkable turnaround in the performance of the cedi continued in the first few months of 2018 supported by improving macro fundamentals, strong external payments position alongside significant build up in international reserves.
In this way, our control of a relatively small asset class allows us to have significant effects on much larger financial markets, and ultimately influence the real economy. What exactly is this money we control? If you look at the Reserve Bank’s balance sheet, you will find two things that can be called money. One is notes and coin.