Monday, 18 May

BoG Governor highlights economic resilience at 130th MPC meeting

Business
Dr Johnson Asiama, Central bank governor

The Governor of the Bank of Ghana, Johnson Pandit Asiama, has highlighted the country’s continued economic resilience despite growing global uncertainties, as the Monetary Policy Committee (MPC) opened its 130th meeting on May 18, 2026.

He noted that Ghana’s economy had recorded improvements in external buffers, investor confidence, and debt sustainability, reflecting ongoing policy reforms and macroeconomic adjustments.

According to him, monetary policy must remain focused on anchoring inflation expectations and safeguarding financial stability amid external pressures.

Dr. Asiama also referenced Ghana’s engagement with the International Monetary Fund (IMF), stating that the ongoing reform programme and the proposed Policy Coordination Instrument (PCI) are key to strengthening macroeconomic stability and supporting inclusive growth.

“The Ghanaian economy has improved meaningfully since our last meeting in March 2026,” he said, attributing the gains to sustained reform efforts implemented in recent years.

“Since the end of March, the picture has been one of a domestically resilient economy navigating an increasingly difficult external environment,” he added.

On the IMF arrangement, he noted that “the PCI represents a considered and credible next step in Ghana’s institutional engagement with the international financial architecture.”

 

The Monetary Policy Committee is expected to continue its deliberations on key policy measures aimed at sustaining stability and supporting economic growth.

Source: Classfmonline.com/Cecil Mensah