The Bank of Ghana has begun its 129th Monetary Policy Committee meeting to assess recent economic developments and determine the country’s policy direction.

The meeting comes at a time when recent economic data indicate encouraging signs in Ghana’s recovery, with inflation continuing to decline, foreign reserves strengthening, and investor and business confidence gradually improving.

Despite the positive trends, the Governor of the Bank, Dr Johnson Asiama, noted that the global economic environment remains uncertain, requiring careful and disciplined policy decisions to safeguard the country’s gains.

The committee is expected to evaluate both domestic and global economic conditions before announcing its policy decisions aimed at maintaining macroeconomic stability.

Authorities say the focus of the deliberations is to sustain the progress made in stabilising the economy while navigating emerging global risks that could affect Ghana’s growth outlook.