Therefore, by committing to the long-term objective of price stability, the Bank’s monetary policy strategy adopts a gradualist policy response approach to addressing shocks in the economy so as to minimize the output loss associated with pursuing our inflation objective and help anchor inflation expectations. 3.
The stabilizing role of monetary policy  [9] It is useful for us to understand how monetary policy has over the past year and half contributed to stabilize the Ghanaian economy, and how it is currently being fashioned to foster growth in the economy.