The Bank of Ghana has signalled that policymakers face growing pressure to balance inflation control with economic growth as rising global energy prices threaten recent stabilisation gains.
Opening the 130th Monetary Policy Committee meeting, Governor of the central bank, Dr. Johnson Pandit Asiama said Ghana’s economy had improved significantly since March, supported by stronger external buffers, renewed investor confidence and easing inflation.
However, he warned that the prolonged Middle East conflict and higher crude oil prices were creating fresh inflation risks.
“As inflation remains low,” Dr. Asiama said, the committee would assess whether adjustments to the country’s interest rate structure and monetary framework were needed to prevent inflation expectations from becoming “dislodged.”
He said headline inflation had risen to 3.4 percent in April 2026, for the first time since December 2025, while domestic energy supply disruptions and higher import costs posed additional risks.
The governor added that policymakers would also examine whether current monetary policy transmission remains effective in supporting lending, credit growth and broader economic activity.
Post Views: 1
Discover more from The Business & Financial Times
Subscribe to get the latest posts sent to your email.
