The 126th regular meeting of the Bank of Ghana’s Monetary Policy Committee will commence later today [Monday, September 15, 2025], with an emphasis on significant economic developments.
This includes a recent little decline in the value of the cedi on the foreign exchange market and a consistent decline in inflation.
The purpose of the meeting is to examine the state of the economy and establish the central bank’s policy orientation.
The Monetary Policy Committee of the Bank of Ghana lowered the policy rate by 300 basis points to 25 percent at its most recent meeting in July.
It followed five months in a row of declining inflation.
However, the market anticipates another rate decrease this month, bolstered by favorable base effects, as consumer inflation continues to decline to 11.5 percent in August, already below the year-end objective of 11.9 percent.
But there are dangers that could weaken the Committee’s position on policy.
The inflation outlook is still at risk from global trade tensions and a possible increase in utility tariffs. In light of this, the Committee might exercise caution while setting the rate.
Governor Dr. Johnson Asiama has minimized the recent decline in the value of the local currency. He says that rather than a reversal of previous stability advances, the blips are due to seasonal trade pressures.
Despite a difficult period, the Committee’s discussions will come to an end on Wednesday, September 17, 2025, when the central bank will declare its economic outlook and the policy rate decision at a press conference.
Source: newsthemegh.com