“Inflation Falls, Economy Stabilises Faster Than Expected”

The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, today opened the 129th Monetary Policy Committee (MPC) meetings, highlighting steady improvements in the country’s macroeconomic environment.

Speaking at the opening session, Dr. Asiama reported that headline inflation fell to 3.3 percent in February, marking the 14th consecutive month of decline. “We are now below our medium-term target band,” he said, adding that the economy is stabilising faster than anticipated.

The Governor noted that momentum is building across key indicators, underscoring Ghana’s progress in consolidating recent economic reforms. However, he cautioned that global risks remain. “The Middle East conflict is disrupting energy and shipping routes, boosting oil price volatility and creating uncertainty around global inflation,” he observed.

Dr. Asiama stressed that policymakers must balance optimism with vigilance as they chart the next phase of monetary policy. The MPC is expected to review recent developments and determine Ghana’s policy stance in the coming days.