It is sometimes said that the world avoided the worst in 2008 only because central banks made bold use of their tools, notably by cutting rates and providing abundant liquidity.
To this end my colleague, the Second Deputy Governor of Bank of Ghana, challenged you to find answers to three important questions at this seminar: a. How should central banks manage communication in times of financial crisis? b. How does effective communication enhance central bank credibility and effectiveness of monetary policy and for maintaining stability in the financial sector?