Governor of the Bank of Ghana (BoG), Dr. Johnson Asiama, is presiding over his first Monetary Policy Committee (MPC) meeting today, March 24, 2025, as the central bank reviews Ghana’s economic outlook.

The three-day meeting, which concludes on Wednesday, March 26, will culminate in a press briefing on Friday, March 28, where the committee will announce its decision on the policy rate.

At the heart of discussions will be the country’s inflation rate, currently standing at 23.1 percent, as the government works towards its ambitious year-end target of 11.9 percent. The committee is expected to evaluate measures to curb inflation and stabilize the economy.

Analysts anticipate a potential hike in the policy rate, citing concerns over falling Treasury Bill rates in recent months. Some insiders suggest that the committee may consider increasing the rate to offer better returns to investors.

Ahead of the meeting, Dr. Asiama outlined several reforms aimed at improving the transparency of the MPC’s operations. These include modifications to the Monetary Policy Framework, the publication of meeting minutes, and revealing how each committee member votes on decisions.

Additionally, the Governor has pledged to engage directly with the private sector and the Ghana Union of Traders Association (GUTA) after the meeting, ensuring that key stakeholders are informed about the policy direction of the central bank.

All eyes are on the MPC’s verdict this Friday, as businesses, investors, and policymakers await crucial decisions that could shape Ghana’s economic trajectory.