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Bank of Ghana Sticks to Data-Driven Approach Amid Economic Challenges
The Bank of Ghana (BoG) has pledged to maintain its data-driven monetary policy despite global commodity price fluctuations. Governor Dr. Johnson Pandit Asiama shared this commitment during a briefing with the Parliamentary Committee on Economy and Development.
Dr. Asiama noted significant improvements since he took office in February 2025, including a drop in inflation from 23.8% in December 2024 to 3.3% in February 2026, a strengthened cedi, and increased international reserves of US$13.8 billion. He also highlighted progress in the banking sector, with improved capital adequacy and reduced non-performing loans.
Hon. Dr. Eric Afful, Chairman of the Parliamentary Committee, commended the BoG’s transparency and urged continued engagement to combat misinformation.
Story: EfuaNessa
Source: Loco tv