BoG expects headline inflation to remain below the medium-term target of 8 ± 2%.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Bank of Ghana is predicting headline inflation to be within the lower bound of the medium-term target of 8 ± 2%.

According to the Central Bank, this projection reflects the combined impact of the maintenance of an appropriate monetary policy stance, ongoing fiscal consolidation and adequate reserve buffers.

However, the possible upward adjustments in utility tariffs and spillover effects from US tariff-related price pressures, it mentioned, could exert some upside risks to the outlook.

Notwithstanding this, it expects the maintenance of an appropriate monetary policy stance, strong sterilisation efforts, ongoing fiscal consolidation, and adequate reserve buffers to sustain the disinflation process going forward.

Source: newsthemegh.com