Economies in W/African sub-region needs new forecasting techniques

Economic expert has called on countries in the West African sub-region to embrace new methods of econometric analysis in monetary and fiscal policies implementation, in order to fast track decision making process for greater economic growth.

The Director, Debt Management department, West African Institute for Financial and Economic Management, Mr. Baba Musa, made this known, at the opening course on ‘Econometric methods for policy    analysis’, organised for staff of the Central Banks of Nigeria, Gambia, Ghana, Liberia, Sierra Leone, Nigeria Deposit Insurance Corporation, Ghana Revenue Authority and the Federal Ministry of Investment, Nigeria.

According to him, “The importance of econometric methods for policy analysis cannot be over stressed, as it helps in understanding the…

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