Governor of the Bank of Ghana, Dr. Johnson Asiama, says consumers can expect a gradual reduction in the prices of goods and services. This is because, the recent appreciation of the cedi will soon begin to filter through the economy. Speaking at a press briefing following the Monetary Policy CommitteeContinue Reading
Governor of the Bank of Ghana (BOG), Dr. Johnson Asiama, says the Central Bank does not have any specific target rate for the appreciation of the cedi. Speaking at a press conference after the Monetary Policy Committee (MPC) meeting to review recent economic developments, he stated, “We don’t have suchContinue Reading
The Bank of Ghana (BoG) has maintained its benchmark monetary policy rate at 28%. This is a cautious stance amid lingering inflationary pressures despite recent improvements in currency stability and macroeconomic indicators. The decision was announced on Friday, May 23, 2025 at the conclusion of the Bank’s Monetary Policy CommitteeContinue Reading
The Bank of Ghana has indicated that infrastructure alone is not enough to build a robust and efficient payment system in Ghana and the rest of the Africa continent. According to the Governor, Dr. Johnson Asiama, policy coherence and regulatory agility must go hand-in-hand to achieve a vigorous and effectualContinue Reading
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has said that Ghana must work to minimise the risk exposure posed by the decisions of the U.S Government led by President Donald Trump. Answering questions about Ghana’s counter strategy against the effects the actions of the US President, duringContinue Reading
Governor of the Bank of Ghana, Dr Johnson Asiama has said that a huge number of the Ghanaian-owned banks are struggling and need support to be able to compete with the foreign-owned banks. Dr Asiama says that the central bank is currently focused on how to strengthen these banks toContinue Reading
The International Monetary Fund has indicated that it will formally assess Ghana’s progress in meeting key commitments in April 2025. This will be in the context of the fourth review of the Extended Credit Facility arrangement. The Fund pointed out this in a statement after a Staff team led by StéphaneContinue Reading