Célestin Monga warns against using a demand-side remedy to treat a supply-side pathology.
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Economics
Jun 11, 2026
Célestin Monga
Monetary tightening in Africa would not only fail to rein in inflation; it would raise the cost of productive investment, suppress growth, and hamper the continent's much-needed structural transformation. A better strategy would focus on accelerating this transformation by channeling finance into productive industries.
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