The Bank of Ghana says it will continue to protect the value of the cedi and keep inflation under control as it seeks to sustain Ghana’s economic recovery.
Governor Dr Johnson Asiama maintains that, despite encouraging improvements in key economic indicators, the central bank will remain cautious amid persistent global uncertainties, including geopolitical tensions and rising crude oil prices.
Speaking at a stakeholder engagement in Sunyani in the Bono Region, Dr Asiama said the Bank’s priority is to create a stable economic environment that allows businesses to plan, invest and grow with confidence.
“The progress we have made is encouraging, but we must not become complacent. The global economy remains uncertain, and events beyond our borders can still affect us. That is why the Bank of Ghana will continue to take decisions that protect the value of the cedi, keep inflation low, preserve financial stability and support sustainable economic growth.”
The engagement brought together representatives of the business community, the Association of Bankers, the Association of Ghana Industries, the Ghana Union of Traders Association, the Ghana National Chamber of Commerce and Industry, as well as heads of community banks, forex bureaus and microfinance institutions.
Dr Asiama said the commitment comes at a time when Ghana’s key economic indicators continue to show signs of improvement, although external risks could still put pressure on prices and the local currency.
According to him, the current 14 percent policy rate provides room to keep inflation under control while supporting businesses, investment and growth.
The Governor assured stakeholders that the Bank remains committed to maintaining an orderly and well-functioning foreign exchange market.
He also reiterated his commitment to making the Bank of Ghana more open and transparent.
“Our goal is simple – to create an economic environment where businesses can grow with confidence, households can plan for the future, and every Ghanaian can share in the benefits of a stable and growing economy.”
