The 127th Monetary Policy Committee (MPC) meeting of the central bank officially commenced its three-day session today, Monday, November 24, 2025, at the Bank Square. Chaired by Governor Dr. Johnson Asiama, the committee has gathered to meticulously review the current domestic and global economic landscape before determining the next monetary policy stance.
Dr. Asiama immediately set the tone by outlining three fundamental pillars that will guide the MPC’s deliberations this week: managing the pace of disinflation and real interest rates, strengthening foreign exchange (FX) market reforms and reserve diversification, and safeguarding financial sector stability and credit flow. These priorities underscore a complex balancing act between achieving price stability and fostering conditions necessary for economic expansion.
Governor Asiama expressed cautious optimism regarding the nation’s current economic trajectory, affirming that Ghana’s macroeconomic path is currently stabilising. However, he emphasised that the hard-won stability must be protected and leveraged to generate broader prosperity.
The central challenge for the committee, as articulated by the Governor, is to protect this stability while simultaneously supporting the real sector’s recovery. This requires carefully calibrated policy adjustments that ensure inflation expectations remain anchored without unduly stifling credit growth essential for business investment and job creation across key sectors.
Ultimately, the decisions emerging from this week’s high-stakes deliberations are aimed at bolstering investor and consumer confidence. Dr. Asiama concluded his opening remarks by stressing that the MPC’s final policy pronouncements must reinforce confidence and keep the economy firmly on its path to job-rich growth.
The meetings will proceed behind closed doors until Wednesday, November 26, when the committee is scheduled to conclude its review and announce the new policy stance—which typically involves a decision on the key interest rate—at a highly anticipated press conference.
Ruth Abla ADJORLOLO
