The Governor of the Bank of Ghana (BoG), Dr. Johnson Asiamah, has expressed optimism that the country could achieve its single-digit inflation target earlier than initially projected if current economic conditions remain favorable.
Speaking to Bloomberg News, Dr. Asiamah emphasized that Ghana’s recent monetary policy measures, improved fiscal discipline, and stable macroeconomic indicators are contributing to a faster-than-expected decline in inflation.
He highlighted that exchange rate stability, controlled government spending, and lower food and fuel prices have played a significant role in taming inflationary pressures.
However, he cautioned that this projection is highly dependent on maintaining these positive trends. Any external shocks, such as global commodity price fluctuations or economic instability, could pose risks to achieving the target within the expected timeframe.
The BoG’s commitment to tight monetary policies, enhanced liquidity management, and strong regulatory oversight remains key to sustaining inflation control.
Dr. Asiamah reassured investors and businesses that the central bank will continue to adopt prudent economic measures to
ensure Ghana’s inflation rate stays on a downward trajectory, fostering economic stability and growth.
LISTEN TO THE AUDIO BELOW:
Audio PlayerStory by: Osei-Akoto (Teacher Kojo) #ahotoronline.com/oseiakotor1@gmail.com
