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Finance Minister Dr. Cassiel Ato Forson says Ghana’s monetary policy rate has declined, while the Ghana cedi has appreciated by 40.7% against the US dollar, signalling improving macroeconomic stability.
Presenting the 2026 Mid-Year Budget Review in Parliament on Thursday, July 23, Dr. Forson said government’s fiscal and monetary measures are yielding positive results, reducing inflationary pressures, boosting investor confidence, and strengthening the local currency.
He explained that the reduction in the monetary policy rate is expected to lower borrowing costs, support private sector growth, and stimulate economic activity.
According to the Finance Minister, the cedi’s strong performance reflects renewed confidence in Ghana’s economy and the impact of ongoing reforms.
Dr. Forson added that government’s focus on fiscal discipline, prudent financial management, and collaboration with the Bank of Ghana has been key to restoring economic stability.
Story by Efua Nessa