BoG: Monetary Policy Committee Meeting Concludes today and What to Expect
The Bank of Ghana’s 123rd monetary policy committee meeting concludes on March 26, 2025, has sparked anticipation for the outcomes, particularly focusing on the new Governor, Dr. Johnson Asiama. Dr. Asiama, who took office in February 2025, is tasked with guiding Ghana’s monetary market towards a positive trajectory for local trade and business.
Following the 122nd meeting in January 2025, which detailed the Monetary Policy Committee’s assessments of the economic and financial sectors, the upcoming report gains significance. Dr. Asiama succeeds Dr. Ernest Addison, who previously outlined the Monetary Policy Objective and Policy Strategy.
In his recent address on March 24, 2025, Dr. Asiama addressed the challenges at hand, notably high inflation rates surpassing 23% and sluggish progress in specific areas. The decision on the Monetary Policy Rate holds crucial importance in mitigating the heightened inflation levels, primarily driven by fluctuations in food prices, currently at 27.0%.
Various factors such as Global Economic Developments, External Sector Developments, Real Sector Developments, and Monetary and Financial Developments will influence the direction of the forthcoming report. The focus now turns to the post-meeting press conference scheduled for Friday, March 28, 2025, where insights into the decisions made during today’s committee session will be unveiled.
NSG Business News
Stay tuned for further insights and updates on Ghana’s monetary landscape.
