Governor Addison to address 122nd MPC press conference today

The Monetary Policy Committee (MPC) will hold its 122nd press conference on Monday, January 27, at The Bank Suqrae in Accra, led by Governor Dr. Ernest Addison.

Key topics include potential adjustments to the policy rate and updates on the cedi's performance against major currencies.

At its previous meeting, the MPC maintained the policy rate at 27%. A statement from the 121st meeting highlighted economic stability, with strong growth projections, steady core inflation, and anchored financial sector expectations.

The cedi has shown signs of appreciation, attributed to improved foreign exchange reserves and reduced election-related uncertainties.

The IMF's third review gave a positive assessment of Ghana’s economy, with a $360 million disbursement expected following a December review.

Inflation forecasts remain elevated but are projected to stabilize by Q4 2025 with strengthened macroeconomic policies.