Bank of Ghana begins Monetary Policy Committee meeting on new policy rate
The Monetary Policy Committee (MPC) of the Bank of Ghana will today Monday, March 24, 2025 commence its 123rd meeting to assess Ghana’s economic conditions and implement measures to maintain fiscal stability.
The meeting which is set to last for three days would be the first under the newly appointed Governor Dr. Johnson Asiama.
The meeting will conclude with a key policy announcement on Friday, March 28, 2024.
The MPC last held the policy rate at 27% in January 2025, citing persistent inflationary pressures.
However, the Central Bank now faces a more complex decision, as inflation remains high, and debt concerns persist among other economic issues.
For over two years, Ghana’s inflation has hovered in the low twenties, recording 23.2% in 2023 and 23.8% in 2024, with the latest rate standing at 23.1% as of February 2025.
Meanwhile, Treasury bill rates have been steadily declining, raising concerns about liquidity management and investor confidence in government securities.
With the government targeting an end-of-year inflation rate of 11.9% and a 4.4% overall real GDP growth target, businesses, investors, and economic analysts are eager for signals on potential interest rate adjustments and other monetary policy interventions that could shape the economic landscape.
The big question remains; Will the central bank maintain its stance on the 27 percent as many industry players are calling for, or is there going to be a drop or a surprise increase in the policy rate?
SP/MA
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