The Financial institution of Ghana (BoG) says it’s committed to persevering with its help for the nation’s economic restoration course of with out compromising the macroeconomic beneficial properties achieved thus far.
The Financial Coverage Committee (MPC) of the BoG pledged in a press release issued after an emergency assembly held on Friday forward of its a hundred and twenty fifth common MPC assembly scheduled for July 28–30, 2025.
In keeping with the Committee, the emergency assembly was convened to evaluate present economic situations and decide whether or not quick coverage motion was warranted.
“That is in keeping with our dedication to proactive and responsive coverage formulation,” the assertion famous.
The Committee noticed that the disinflation momentum had strengthened, with headline inflation falling steadily for six consecutive months from 23.8 per cent in December 2024 to 13.7 per cent in June 2025.
Core inflation indicators, the Committee mentioned, additionally pointed to a re-anchoring of inflation expectations.
On the true sector, the BoG reported that Ghana’s financial efficiency remained robust.
“Actual GDP progress reached 5.3 per cent within the first quarter of 2025, whereas non-oil GDP progress was even stronger at 6.8 per cent, pushed by sturdy exercise within the agriculture and providers sectors,” the Committee acknowledged.
The assertion mentioned the external sector additionally recorded commentin a position enhancements and the commerce and present account balances posted provisional surpluses of $5.6 billion and $3.4 billion, respectively, within the first half of 2025, in contrast with $1.4 billion and $283.1 million within the corresponding interval final 12 months.
These beneficial properties, the Committee mentioned, contributed to a big build-up in gross worldwide reserves, which stood at $11.1 billion as of the top of June 2025—equal to 4.8 months of import cowl—up from $8.98 billion as of the top of 2024.
The Committee famous that the Ghana cedi had appreciated sharply, gaining 42.6 per cent towards the US greenback for the reason that starting of the 12 months.
The appreciation, based on the MPC, was supported by robust international trade inflows from gold and cocoa exports, remittances, improved investor confidence, and prudent coverage implementation.
The assertion mentioned that regardless of the home beneficial properties, the Committee acknowledged that the worldwide atmosphere stays unsure.
It famous that world progress was projected to sluggish to 2.8 per cent in 2025 from 3.3 per cent in 2024, with world monetary conditions nonetheless tight and disinflation anticipated to proceed erratically.
“General, the Committee noted vital enhancements within the present macroeconomic conditions and the constructive outlook. Inflation expectations are broadly anchored, exterior buffers have strengthened, and confidence within the financial system is returning,” the assertion mentioned.
BY KINGSLEY ASARE
