By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Heath Goldfields pays GHS 80 million to settle legacy salary arrears at Bogoso-Prestea Mine
    July 25, 2025
    Cedi performance in first half of year has been impressive – Finance Minister
    July 24, 2025
    We chose to save, not collapse an indigenous bank – Ato Forson
    July 24, 2025
    Government transfers 500 million Nestlé Ghana shares to NIB – Finance Minister
    July 24, 2025
    President Mahama announces cancellation of fuel allowances for political appointees as cost-cutting measure
    Mahama bans gov’t contracts in foreign currencies – Finance Minister
    July 24, 2025
  • Business
    BusinessShow More
    Google announces $37M in cumulative funding and new AI Community Center in Accra to advance AI in Africa
    July 25, 2025
    Cedi performance in first half of year has been impressive – Finance Minister
    July 24, 2025
    NIB to play key role in Ghana’s industrial and agricultural drive
    July 24, 2025
    We chose to save, not collapse an indigenous bank – Ato Forson
    July 24, 2025
    Government transfers 500 million Nestlé Ghana shares to NIB – Finance Minister
    July 24, 2025
  • Politics
    PoliticsShow More
    Final batch of Deputy Ministerial nominees face vetting today
    July 25, 2025
    President Mahama announces cancellation of fuel allowances for political appointees as cost-cutting measure
    Mahama bans gov’t contracts in foreign currencies – Finance Minister
    July 24, 2025
    Minority petitions Diplomatic Corps, Mahama over Ablekuma North rerun violence
    July 24, 2025
    Gov’t saves GH₵4.9bn in interest payments – Ato Forson
    July 24, 2025
    Efforts underway to revamp Prof. Mills Library after years of neglect – Mahama
    July 24, 2025
  • Entertainment
    EntertainmentShow More
    The Weeknd & Shakira to headline 2025 Global Citizen Festival with Tyla, Ayra Starr & Mariah The Scientist
    July 22, 2025
    ACP partners MiPrime Entertainment to Champion Investment in Ghana’s Creative Industry
    July 21, 2025
    I want music to be my legacy, not fame – Rocky Dawuni
    July 18, 2025
    The sense to minister with music came early – Rocky Dawuni
    July 18, 2025
    “You can’t be a Black man and worship a white God” – Rocky Dawuni
    July 18, 2025
  • Sports
    SportsShow More
    Kofi Adams hails Black Queens for gallant AFCON semi-final performance
    July 23, 2025
    Black Queens bow out of WAFCON 2024 after 4–2 penalty loss to Morocco
    July 23, 2025
    Sports Minister rallies Black Queens ahead of WAFCON semi-final with Morocco
    July 22, 2025
    Ghana and Serbia forge strategic sports partnership with landmark MoU
    July 22, 2025
    Ghana to host historic Rugby League Tri-Nation Series this November
    July 21, 2025
  • Technology
    TechnologyShow More
    AI integrated skills training needed to escape job losses – NBU YEC
    July 23, 2025
    Samsung Ghana unveils 2025 TV line-up
    July 22, 2025
    Osman Ayariga speaking on youth empowerment and AI at World Youth Skills Day event
    “Youth should not see AI as competition, but as a digital tool” – Osman Ayariga
    July 17, 2025
    Samsung Introduces Future-Ready Mobile Security for Personalized AI Experiences
    July 16, 2025
    Samsung Electronics acquires Xealth, bridging the gap between wellness and medical care
    July 16, 2025
  • International
    InternationalShow More
    Education Minister Haruna Iddrisu signs MoUs with GEICO and CMS Group for new public universities
    Education Minister signs MoUs with GEICO, CMS Group to establish two public universities
    July 15, 2025
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama pushes AU–CARICOM partnership to strengthen global reparations push
    July 14, 2025
    47th AU Forum: Ablakwa criticizes $1.2m AfCFTA allocation as ‘highly insufficient’
    July 10, 2025
    Minority demands audit over $1.2m passport relaunch cost and delays
    July 9, 2025
    Minority demands compensation for citizens stranded by US embassy closure
    July 9, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Prices Will Drop Soon – BoG Governor Assures as Policy Rate Stays at 28%
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
BusinessHeadlines

Prices Will Drop Soon – BoG Governor Assures as Policy Rate Stays at 28%

Emmanuel Agyabeng By Emmanuel Agyabeng Published May 24, 2025
Share
SHARE

The Bank of Ghana (BoG) has assured consumers of tangible relief in prices in the coming months. This assurance follows the Central Bank’s decision to maintain its key policy rate at 28% to support the country’s ongoing disinflation efforts.

Speaking at the conclusion of the 124th Monetary Policy Committee (MPC) meeting held in Accra, BoG Governor and MPC Chairman, Dr. Johnson Asiama, said the Central Bank will maintain its tight policy stance until inflation falls closer to its medium-term target.

“Despite these positive developments, the committee observed that the current level of inflation remains high relative to the medium-term target and will require maintaining the tight stance to reinforce the disinflation process,” Dr. Asiama stated.

“Under the circumstances, the Committee, by a unanimous decision, maintained the policy rate at 28.0 percent.”

Dr. Asiama disclosed that the central bank is now targeting an end-of-year inflation rate of 11.9%, reflecting its medium-term objective to return inflation to single digits.

“We don’t have a magic wand, but we believe we are well on track to meet our inflation target of 11.9%,” he noted during the press briefing.

He also expressed optimism that the continued appreciation of the cedi, coupled with improving macroeconomic conditions, would lead to tangible relief for consumers.

“We believe the positive trend in the exchange rate will soon reflect in utility tariffs as well, helping sustain the downward path of inflation,” Dr. Asiama said.

“Rest assured, you will certainly see adjustments in prices.”

The next Monetary Policy Committee meeting is scheduled to begin on Wednesday, July 21, 2025, and conclude on Friday, July 25, with the BoG set to announce its next policy rate decision at the end of the session.

You Might Also Like

Heath Goldfields pays GHS 80 million to settle legacy salary arrears at Bogoso-Prestea Mine

Final batch of Deputy Ministerial nominees face vetting today

Google announces $37M in cumulative funding and new AI Community Center in Accra to advance AI in Africa

Cedi performance in first half of year has been impressive – Finance Minister

NIB to play key role in Ghana’s industrial and agricultural drive

TAGGED:124th Monetary Policy Committee (MPC) meetingBank of Ghana (BoG)BoG GovernorDr. Johnson AsiamaMPC Chairman
Share This Article
Facebook Twitter Email Print
Share
Previous Article Education: Apaak Applauds World Vision BORDER Project  
Next Article GFA President Calls for Greater Investment in Stadium and Pitch Maintenance

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?