The Director of Communications on the Financial institution of Ghana (BoG), Mr Bernard Otabil, has cautioned journalists and the media towards treating the Central Financial institution’s tales with propaganda spins.
He stated such practices kill investor confidence and still have severe implications for the financial system.
Mr Otabil gave the warning at a two-day coaching workshop organised by the BoG for journalists within the Western and Western North areas in Tarkoradi.
The coaching which ended final Wednesday was a part of the financial institution’s efforts at guaranteeing that the media precisely interpreted and reported on financial points, financial policy choices and their implications.
Mr Otabil indicated that as a consequence of know-how development, information and tales travelled with a lot pace, however, added that, makes an attempt to affect BoG tales by spin doctoring would have an enormous implications for the financial system and Ghana’s funding drive.
He stated, there have been numerous spin docs ‘crowding’ the media area, however urged individuals, to rely the Central Financial institution out in such narratives, stating “don’t do propaganda spin in the case of the Financial institution of Ghana.”
That BoG, he defined, performed a pivotal half in financial handlement and that, any damaging story would have a multiplying impact throughout the financial worth chain including International Direct Investments (FDIs), Cedi stability, remittances, gasoline costs and incomes.
“As journalists, you’ve a collective duty to do correct reporting. Don’t assume. Work with precision- report with readability and accuracy. Central Banking is a severe enterprise. Write in regards to the realities of the Central Financial institution and collectively we construct a greater Ghana and enhance the usual of residing for all of us,” Mr Otabil reiterated.
He added that, the coaching programmes, which might be rolled throughout the nation, was to reinforce the journalist’s capability to craft compelling narratives in regards to the insurance policies and goals of the Financial institution, particularly so far as monetary coverage is worried.
Once more, the coaching is a part of efforts in the direction of bettering strategic partnerships and relationships with the media, he said, saying that, the journalists would assist improve BoG coverage communication.
Mr Otabil burdened “Communication stays essential to enhancing the Financial institution’s insurance policies, subsequently, with the approval of administration, the Communications Division constantly creates platforms to enhance strategic media associateships.
The Regional Supervisor of BoG within the Western Area, Rev. Kofi Assan, additionally underscored the media and the general public as essential stakeholders.
The Western Area Chairman of the Ghana Journalists Association (GJA), Desmond Cudjoe, lauded the BoG for the coaching programme, which he stated, would equip journalists with the knowledge and expertise to know, analyse and precisely report on points associated to finance.
FROM CLEMENT ADZEI BOYE, TAKORADI
