The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has told the Monetary Policy Committee (MPC) that the rapid disinflation in the country has created room for policy maneuvering, but also raises important questions for future economic management.

Dr. Asiama emphasized that while well-coordinated monetary and fiscal policies have contributed to recent economic gains, it is crucial to assess the durability of these measures and adjust policies carefully to support growth while maintaining credibility.

Speaking at the opening of the 128th MPC meeting in Accra on Monday, January 26, the Governor noted that macroeconomic conditions have continued to improve since the last meeting.

“Inflation declined to 5.4 percent by the end of 2025, with expectations remaining well anchored. External buffers have strengthened, with gross international reserves rising to US$13.8 billion, equivalent to 5.7 months of import cover,” Dr. Asiama said, adding that these gains were supported by a current account surplus of 8.1 percent of GDP.

He also highlighted that economic growth through the third quarter of 2025 remained robust, with leading indicators pointing to further expansion. “This is fostering confidence among both consumers and businesses,” he said.

“These outcomes demonstrate that recent policy choices are yielding positive results and that policy credibility has been restored. However, this meeting is not about celebrating past successes, but about analyzing the data to ensure that stability can be sustained going forward,” Dr. Asiama added.