The current policy stance remains appropriate to guide inflation into the medium-term target band while supporting sustained economic growth. Despite heightened global uncertainty, Ghana’s economic fundamentals remain resilient, supported by strong growth, improved external balances, and adequate reserve buffers.
The Bank of Ghana’s Monetary Policy Committee (MPC) has maintained the Monetary Policy Rate at 14 percent following its 131st regular meetin
The decision, announced at a press briefing on Wednesday, underscores the central bank's commitment to sustaining macroeconomic stability an
The Committee observed that despite heightened global uncertainty, the domestic economy's fundamentals remain highly resilient.
The Bank of Ghana’s Monetary Policy Committee (MPC) has maintained the Monetary Policy Rate at 14 percent following its 131st regular meeting. The decision, announced at a press briefing on Wednesday, underscores the central bank's commitment to sustaining macroeconomic stability and keeping inflation firmly within the medium-term target band. The Committee observed that despite heightened global uncertainty, the domestic economy's fundamentals remain highly resilient.
Addressing the media, Governor Dr. Johnson Asiama explained that the current policy stance is meticulously designed to support sustained economic growth while navigating evolving global risks. The MPC noted positive domestic indicators, highlighting robust economic growth, an improved banking sector performance, strong private sector credit expansion, and continued resilience in the external sector.
"The current policy stance remains appropriate to guide inflation into the medium-term target band while supporting sustained economic growth. Despite heightened global uncertainty, Ghana’s economic fundamentals remain resilient, supported by strong growth, improved external balances, and adequate reserve buffers." — Dr. Johnson Asiama, Governor, Bank of Ghana.
Economic Resilience & Policy Stance
The central bank's decision highlights a cautious but supportive approach to managing the economy.
Monetary Policy Rate held steadily at 14 percent.
Decision follows the conclusion of the 131st regular MPC meeting.
Committee noted robust economic growth and improved banking performance.
Policy aims to guide inflation into the medium-term target band amidst global uncertainties.
Mentioned in this story
Its Monetary Policy Committee maintained the Monetary Policy Rate at 14 percent, underscoring its commitment to sustaining macroeconomic stability and keeping inflation within the medium-term target band.
Maintained the Monetary Policy Rate at 14 percent following its 131st regular meeting, noting the domestic economy's resilience despite heightened global uncertainty.
Addressed the media to explain that the current policy stance is meticulously designed to support sustained economic growth while navigating evolving global risks and guiding inflation into the medium-term target band.
“The current policy stance remains appropriate to guide inflation into the medium-term target band while supporting sustained economic growth. Despite heightened global uncertainty, Ghana’s economic fundamentals remain resilient, supported by strong growth, improved external balances, and adequate reserve buffers.”
Its economic fundamentals are highlighted as highly resilient, supported by strong growth, improved external balances, and adequate reserve buffers, despite heightened global uncertainty.