Policy rate of 14% between May and September 2026 was meant to preserve economic stability – BoG Governor
The Bank of Ghana Governor, Dr. Johnson Asiama, has strongly defended the decision by the Monetary Policy Committee to hold the policy rate at 14% between May and September 2026. According to him, the Committee’s action is to preserve economic stability despite unfavourable external conditions, including rising global oil prices and domestic price pressures. The […]
The Bank of Ghana Governor, Dr. Johnson Asiama, defended the Monetary Policy Committee's decision to maintain the policy rate at 14% between May and September 2026. Asiama stated that this decision aimed to preserve economic stability, despite unfavorable external conditions such as rising global oil prices and domestic price pressures. He made these remarks during a parliamentary appearance where he provided an update on monetary policy and macro-economic developments in Ghana during the first half of 2026.
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