BoG has been advised by the IMF to maintain a strict monetary policy stance in order to build on recent successes in lowering inflation.

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

The International Monetary Fund (IMF) has advised the Bank of Ghana to keep a tight monetary policy stance to consolidate recent gains in reducing inflation, despite growing calls for interest rate cuts.

Speaking at a press briefing in Washington, Communications Director at the IMF Julie Kozack said Ghana has worked to significantly reduce inflation from a high of 54 percent at the end of 2022 to 13.7 percent by June 2025.

“Going forward, it will be important for monetary policy to remain sufficiently tight, consistent with bringing inflation down to the Bank of Ghana’s target range of 8 percent, plus or minus 2 percentage points,” she stated.

Source: newsthemegh.com