The Governor of the Bank of Ghana, BoG, Johnson Pandit Asiama, has opened the 129th Monetary Policy Committee (MPC) meeting, highlighting signs of improving macroeconomic conditions in Ghana.
Speaking at the opening session on March 16, 2026, Dr. Asiama said recent data indicate a steady decline in inflation and a gradual strengthening of the economy. According to him, headline inflation fell to 3.3 percent in February, marking the 14th consecutive month of decline and dropping below the Bank’s medium-term target band.
Dr. Asiama noted that the development signals that the country’s economic recovery is gaining traction faster than earlier projections.
Despite the positive outlook, he cautioned that external risks remain a concern. He pointed to the ongoing conflict in the Middle East, which he said is disrupting global energy supply chains and shipping routes, leading to increased oil price volatility and uncertainty around global inflation.
He emphasised the need for policymakers to remain cautious while consolidating the gains made so far.
The MPC meeting is expected to review recent global and domestic economic developments and determine the appropriate monetary policy stance for the period ahead.
