The Financial institution of Ghana Governor, Dr. Johnson Asiama has revealed that the Emergency Financial Coverage Committee assembly won’t lead to a brand new coverage charge determination.
“We’ll relatively evaluate some developments available in the market, forward of the particular assembly within the subsequent 10 days,” the Governor added.
Based on him, “Many individuals thought that we have been going to make a coverage assertion that won’t occur”.
The Governor of the Financial institution of Ghana disclosed this at ABSA-UPSA Quarterly Banking Roundtable in Accra at the moment.
Background
The Financial institution of Ghana in an announcement issued yesterday, introduced that the Financial Coverage Committee (MPC) will maintain an emergency assembly on Thursday, seventeenth July 2025, to evaluate latest developments within the economic system.
It added that the coverage determination of the Committee might be introduced on Friday, 18th July 2025.
There had been sturdy expectations this gathering will see the regulator minimize the speed by some vital margin.
However it seems that based mostly on the newest revelation by the Governor of the Financial institution of Ghana, there won’t be any determination on the coverage charge, after the assembly.
Supporting the Cedi’s Stability and Counterfeiting
Talking on the assembly, the Governor additionally expressed studies that some Ghanaians are supporting some overseas nationals who’re engaged in forex counterfeiting..
“This improvement may be very unlucky, and every thing have to be completed to examine it,” the Governor famous.
The Governor additionally argued that every thing have to be completed with all arms on deck to assist the native forex’s stability.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
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