https://en.sputniknews.africa/20250325/ghanas-inflation-remains-uncomfortably-high-new-central-bank-governor-warns-1071256495.html
Ghana’s Inflation Remains ‘Uncomfortably High,’ New Central Bank Governor Warns
Ghana’s Inflation Remains ‘Uncomfortably High,’ New Central Bank Governor Warns
Sputnik Africa
In late February, President Mahama criticized the previous government's economic mismanagement, describing the country as a "crime scene." He emphasized the... 25.03.2025, Sputnik Africa
2025-03-25T11:47+0100
2025-03-25T11:47+0100
2025-03-25T11:47+0100
sub-saharan africa
ghana
economy
international monetary fund (imf)
inflation
west africa
john mahama
economic growth
domestic policy
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Ghana’s new central bank governor, Johnson Asiama, has cautioned that while inflation is easing, it remains “uncomfortably high” and will require a balanced monetary policy.Inflation stood at 23.1% in February, significantly lower than its peak of over 54% in December 2022, but still well above the Bank of Ghana's 8% target.Speaking ahead of his first monetary policy meeting, Asiama emphasized the challenge of maintaining the disinflation trend without jeopardizing economic recovery.While Ghana has made progress in stabilizing its economy after defaulting on external debt in 2022, Asiama warned of potential risks, including global tariffs, geopolitical tensions, and weakening Chinese demand.He noted that gold exports and remittances had helped build reserves but remained cautious about whether current fiscal measures would meet IMF expectations.The Monetary Policy Committee is set to announce its next interest rate decision on Friday, with policymakers balancing inflation control and economic growth.
https://en.sputniknews.africa/20250303/ghana-suspends-gold-for-oil-program-as-new-central-bank-chief-aims-for-currency-stability-1070914297.html
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ghana, economy, international monetary fund (imf), inflation, west africa, john mahama, economic growth, domestic policy
ghana, economy, international monetary fund (imf), inflation, west africa, john mahama, economic growth, domestic policy
Ghana’s Inflation Remains ‘Uncomfortably High,’ New Central Bank Governor Warns
Christina Glazkova
Writer / Editor
In late February, President Mahama criticized the previous government's economic mismanagement, describing the country as a "crime scene." He emphasized the importance of collective sacrifice to restore the stability that had been disrupted.
Ghana’s new central bank governor, Johnson Asiama, has
cautioned that while inflation is easing, it remains “uncomfortably high” and will require a balanced monetary policy.
Inflation stood at 23.1% in February, significantly lower than its peak of over 54% in December 2022, but still well above the Bank of Ghana's 8% target.
Speaking ahead of his first
monetary policy meeting, Asiama emphasized the challenge of maintaining the disinflation trend without jeopardizing economic recovery.
While Ghana has made progress in stabilizing its economy after defaulting on external debt in 2022, Asiama warned of potential risks, including global tariffs, geopolitical tensions, and weakening Chinese demand.
He noted that gold exports and remittances had helped build reserves but remained cautious about whether current fiscal measures would meet
IMF expectations.
The Monetary Policy Committee is set to announce its next interest rate decision on Friday, with policymakers balancing inflation control and
economic growth.
