Policy rate of 14% between May and September 2026 was meant to preserve economic stability – BoG Governor
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Bank of Ghana Governor Dr. Johnson Asiama defended the Monetary Policy Committee's decision to keep the policy rate at 14% from May to September 2026. This measure aims to maintain economic stability. The decision comes amid unfavorable external conditions. These include rising global oil prices and domestic price pressures.
The Bank of Ghana Governor, Dr. Johnson Asiama, has strongly defended the decision by the Monetary Policy Committee to hold the policy rate at 14% between May and September 2026. According to him, the Committee’s action is to preserve economic stability despite unfavourable external conditions, including rising global oil prices and domestic price pressures. The […]