The Bank of Ghana on Tuesday held a post–Monetary Policy Committee meeting with heads of banks following the conclusion of its 127th MPC session, underscoring renewed efforts to strengthen financial stability and support economic growth.
Opening the engagement, MPC Chairman and Governor Dr. Johnson P. Asiama said the discussions went beyond policy tools to a shared responsibility of serving the Ghanaian people and building a resilient, inclusive economy. He outlined recent macroeconomic developments and policy decisions taken by the committee.
Dr. Asiama highlighted a 350-basis-point cut in the policy rate, noting a sustained downward trend in inflation, resilience within the banking sector and strong economic growth indicators. He also drew attention to key prudential and regulatory directives designed to align Ghana’s financial system with international best practices.
Looking ahead, the governor said the central bank will issue new directives on stress testing, recovery planning and risk management to further enhance sector resilience. He also announced plans to roll out a revised risk-based supervisory framework focusing on business risk, financial resilience, risk governance and operational resilience.
The Bank of Ghana, he added, will deepen collaboration with financial regulators and industry bodies to safeguard systemic stability. “These reforms reflect our vision of a modern, competitive and resilient banking sector capable of supporting Ghana’s long-term growth agenda,” Dr. Asiama said.