Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has urged careful and evidence-based policy decisions as the central bank convened its 131st Monetary Policy Committee (MPC) meeting amid global uncertainty and rising energy prices.
Opening the session on Monday, Dr. Asiama reaffirmed Ghana’s macroeconomic resilience but stressed the importance of reviewing recent inflation trends, the impact of the Bank’s May policy reforms, evolving domestic liquidity conditions, and external risks.
“Our task this week is not simply to assess the latest data. It is to determine whether the framework we strengthened in May remains fit for the conditions now before us, and whether the choices we made then continue to serve the medium-term objectives on which our credibility depends,” he stated.
In a move to deepen transparency and public engagement, Dr. Asiama also announced the launch of the inaugural Monetary Policy Committee Educational Observership Programme (MPC-EOP). The initiative welcomed students from the University of Ghana to observe aspects of the MPC process, marking a milestone in the Bank’s efforts to nurture the next generation of economists and policymakers.
The MPC meeting is expected to deliberate on measures to balance inflation control with growth support, while reinforcing the Bank’s commitment to openness and stakeholder involvement.
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