CIB Ghana leads national dialogue on monetary policy and banking reform

The Chartered Institute of Bankers, Ghana (CIB Ghana) has convened a high-level coverage seminar below the theme “Financial Coverage in Motion: How MPC Selections Form Ghana’s Economic system and Monetary Sector,” to look at the sensible implications of financial coverage choices on lending, inflation, and monetary sector growth.

In his welcome tackle, Mr. Benjamin Amenumey, President of CIB Ghana, reaffirmed the Institute’s dedication to advancing skilled discourse on nationwide financial coverage. “Our mandate requires that we promote moral {and professional} conduct whereas advancing the event of the banking occupation. Fostering dialogue on financial coverage is a nationwide obligation,” he acknowledged.

Mr. Robert Dzato, Chief Govt Officer of CIB Ghana, shared key findings from a latest research performed by the Institute. The analysis, which surveyed senior banking executives and different officers, revealed widespread stakeholder alignment with the Financial institution of Ghana’s (BoG) latest coverage stance. “Over 85 % of respondents had anticipated the newest fee reduce. Stakeholders are in search of higher alignment between financial coverage actions and financial progress. We additionally heard considerations about liquidity constraints, credit score danger, and volatility in funding prices,” he added.

The occasion’s keynote tackle was delivered by Dr. Johnson Asiama, Governor of the BoG, who described the present disinflation course of as “actual, sustained, and progressive,” supported by coordinated, data-driven measures between the central financial institution and the Ministry of Finance. Inflation fell from 25.8 % in March to 13.7 % in June 2025, whereas the Ghana Reference Charge (GRR) declined from 32.5 % in January to 27.7 % in July. Dr. Asiama cited the cedi’s appreciation, over 40 % year-to-date, as a key consider decreasing imported inflation and enhancing buying energy.

He cautioned, nevertheless, that banks should put together for the evolving monetary panorama. “Banks have to start out assessing themselves, particularly their credit score infrastructure. We are going to quickly come out with a discover on credit score danger for banks, and it’s all consistent with what we see coming,” he stated.

The Governor inspired industrial banks to transition from passive funding in authorities securities to core credit score intermediation. “The period of excessive rates of interest and passive funding is ending. Banks should now reimagine their enterprise fashions, specializing in SMEs, agriculture, and inexperienced finance,” he added.

A panel dialogue adopted, that includes insights from key business stakeholders.

Professor Festus Ebo Turkson, an exterior member of the MPC, defined the decision-making framework behind the latest fee reduce. “It’s information pushed. Each determination we make displays a rigorous assessment of financial circumstances and dangers,” he acknowledged.

Dr. Humphrey Ayim Dake, President of the Affiliation of Ghana Industries (AGI), expressed help for the altering rate of interest surroundings. “We welcome the upcoming low rate of interest regime and count on to see extra banking—that’s, credit score flowing into actual companies,” he stated.

Mr. Joseph Obeng, President of the Ghana Union of Merchants Affiliation (GUTA), famous that declining costs of imported items are already evident because of the cedis appreciation in opposition to main buying and selling currencies, particularly the US greenback. “If the cedi holds regular, costs will proceed to return down throughout the board,” he stated.

Ms. Ellen Ohene-Afoakwa, Managing Principal for Company and Funding Banking at Absa Financial institution, noticed that banks are able to lend however require better-prepared companies. “Banks are keen to lend, however companies have to be in fine condition to obtain credit score. Sound governance, monetary self-discipline, and transparency matter,” she stated.

The seminar affirmed the significance of inclusive, clear dialogue in shaping coverage and enhancing monetary sector efficiency.

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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.