The Ashanti Business Owners Association (ABOA) has commended the Bank of Ghana and its Monetary Policy Committee (MPC) for reducing the Monetary Policy Rate by 350 basis points.
The association, in a statement signed by Charles Kusi Appiah Kubi, Executive Secretary of ABOA, describes the move as a strong signal of improving macroeconomic stability and a positive step toward supporting business growth and national economic recovery.
ABOA notes that the policy easing comes amid declining inflation, a stronger exchange rate, and improved liquidity conditions.
The association expects that the reduction will translate into lower lending rates, easier access to credit, and a more favorable environment for investment across key sectors of the economy.
“Access to affordable capital is critical for our members, especially small and medium-sized enterprises, manufacturers, and traders. This reduction provides much-needed relief and an opportunity to expand production and create jobs,” said
The association also urged commercial banks to align their lending rates with the new policy to ensure that both businesses and households benefit from the economic improvements. ABOA praised the Bank of Ghana’s leadership for taking decisive action to foster a more supportive monetary environment.
“We are committed to leveraging this policy shift to contribute meaningfully to Ghana’s growth agenda,” Mr. Kubi added.
Below is a copy of the statement
Source: Starrfm.com.gh
