Bank of Ghana Sees Economic Gains as MPC Holds Emergency Meeting
The Monetary Policy Committee (MPC) of the Bank of Ghana convened an emergency session on July 17 to assess economic conditions ahead of its scheduled meeting later this month.
Key takeaways:
- Inflation drops sharply to 13.7% in June 2025 (down from 23.8% in Dec 2024)
- GDP grows 5.3%Â in Q1 2025, with non-oil sectors expanding at 6.8%
- Cedi rebounds 42.6%Â against the dollar this year
- Reserves rise to $11.1bn (4.8 months of import cover)
While global economic uncertainty persists, the MPC noted Ghana’s strong recovery, anchored inflation expectations, and improved investor confidence. The next policy decision will be announced after the regular meeting from July 28-30.
—Bank of Ghana
