We will adhere to zero financing of budget – BoG

The Bank of Ghana has committed to zero financing of the budget.

This promise follows a Memorandum signed with the Ministry of Finance in 2023.

The Bank will also implement measures to improve its investment portfolio.

These steps aim to enhance efficiency and profitability.

These plans were outlined in the 2024 Financial Statement audited by Deloitte.

The Central Bank's Board is taking actions for recovery and positive equity.

They aim for this recovery in the medium to long term.

The policy solvency outcome for 2024 aligns with views from 2023.

The Bank will operate efficiently despite previous significant losses.

As macroeconomic conditions improve, inflation is expected to decline.

Lower inflation will lead to reduced interest rates over time.

This reduction will lower the Cost of Open Market Operations.

Additionally, declining inflation will help stabilize the exchange rate.