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Ted News Ghana Blog of Monday, 24 March 2025
Source: TEDDY VAVA GAWUGA
Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, is presiding over his first Monetary Policy Committee (MPC) meeting today, March 24, 2025, as the central bank assesses the country’s economic outlook and inflation trends.
The three-day meeting, concluding on March 26, will lead to a press briefing on March 28, where the committee is expected to announce its decision on the policy rate.
Key Issues on the Agenda
A major focus of the discussions is inflation, which currently stands at 23.1%, as the government aims for a year-end target of 11.9%. The MPC will evaluate measures to control inflation and ensure economic stability.
Analysts predict a potential hike in the policy rate, given recent declining Treasury Bill rates. Insiders suggest the MPC may adjust rates to attract investors and strengthen economic stability.
Reforms to Enhance Transparency
Ahead of the meeting, Dr. Asiama outlined new reforms to improve the transparency of the MPC’s operations, including:
Changes to the Monetary Policy Framework.
Publishing meeting minutes.
Disclosing how each committee member votes on policy decisions.
Additionally, the Governor plans to engage directly with the private sector and the Ghana Union of Traders Association (GUTA) after the meeting, ensuring that key stakeholders are informed of the central bank’s policy direction.
With businesses, investors, and policymakers eagerly awaiting the MPC’s verdict, Friday’s announcement is set to shape Ghana’s economic trajectory in the coming months.