BoG to consult Private sector, Traders on Monetary Policy

The Governor of the Bank of Ghana, Dr. Johnson Asiama, has announced that the Central Bank will engage the private sector and market traders twice a year to enhance transparency on monetary policies.

This decision follows calls from private sector groups at the National Economic Dialogue for greater collaboration in shaping policies that impact businesses.

Dr. Asiama emphasized the Bank’s commitment to openness, stating that such engagements will promote inclusive economic growth by educating stakeholders on policy decisions.

He noted plans to engage traders directly to explain monetary policy rate adjustments.

Businesses remain concerned about high lending rates, which averaged 30.25% in December 2024. The initiative aims to address misconceptions and clarify the impact of monetary policies on businesses and the economy.