BoG deploys AI to improve inflation forecasting and economic data gathering – First Deputy Governor

The Bank of Ghana (BoG) has deployed Artificial Intelligence to strengthen its inflation forecasting and improve the way it gathers and analyses economic data.

The Governor had said the Bank would “adopt a more proactive and precise approach to managing inflation, leveraging advanced data analytics and artificial intelligence.

Dr Mumuni explained that the Bank also uses econometric techniques and its Quarterly Projection Model to assess economic developments and guide policy choices.