The Bank of Ghana recently concluded its 123rd monetary policy committee meeting and subsequent press conference on 28th March 2025, unveiling Additional Operational Measures in their Press Release.

Alongside the policy rate adjustment, the Bank is set to implement supplementary actions aimed at bolstering liquidity management and improving monetary policy transmission. These measures include:

– Introduction of a 273-day instrument to enhance the existing sterilization toolkit.

– Heightened monitoring of banks’ Net Open Positions (NOPs) to ensure regulatory compliance.

– Evaluation of the current structure of the Cash Reserve Ratio (CRR) to gauge its broader impact on liquidity conditions and financial intermediation within the economy.

While the specifics of how these additional measures will translate into heightened trade activity and a more dynamic business environment for a positive economic upturn remain unclear at this stage, the proactive steps taken by the Bank underscore a commitment to fortifying the financial landscape and fostering sustainable growth.

NSG Business News

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