Bank of Ghana Governor announces strong economic progress at MPC meeting opening
Date: 2025-09-16
The Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama has opened the 126th Monetary Policy Committee (MPC) Meeting at the Bank Square by reaffirming Ghana's sustained economic recovery and resilience. Despite global uncertainties, the Governor stated that "Ghana's recovery is gaining momentum."
Dr. Asiama
highlighted several key economic indicators demonstrating this progress. The
economy recorded strong GDP growth of 6.3% in the second quarter of 2025.
Headline inflation continued its downward trend, reaching 11.5% in August – its
lowest level since October 2021.
The Governor
also reported positive developments in currency performance and external
reserves. The Ghanaian cedi has appreciated by approximately 21% as of
September 12, ranking it among the strongest performing currencies globally
year-to-date. Additionally, external reserves stood at US$10.7 billion,
providing coverage for 4.5 months of imports.
Concluding his
remarks, Governor Asiama reiterated the central bank's unwavering commitment: "Our
commitment remains firm: maintain price stability, safeguard financial
stability, and create the conditions for inclusive, sustainable growth."
By: Nana Appiah Acquaye
