The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has expressed optimism about Ghana's macroeconomic outlook citing a sustained decline in inflation, improving fiscal discipline, and stronger external sector performance as signs that Ghana’s economic recovery is gaining traction.

Ghana’s economy is showing strong signs of recovery with a 5.3% GDP growth rate, a drop in inflation to 13.7%, and a $3.4 billion current account surplus, according to the BoG.

Delivering opening remarks at the 125th Monetary Policy Committee (MPC) Meeting in Accra on Monday, July 28, 2025, Dr Asiama acknowledged headwinds but highlighted Ghana’s resilience and domestic progress.

“We meet at a time when the global and domestic macroeconomic landscape continues to evolve, offering encouraging signs of recovery while exposing persistent vulnerabilities,” he said.

According to him, inflation has been on a consistent decline, falling for six consecutive months to 13.7% in June 2025, the lowest recorded since December 2021.

This, he said, reflects disciplined monetary and fiscal policy management and the appreciation of the cedi.

Dr Asiama urged the committee to stay vigilant as some external factors could impact Ghana's macroeconomic indicators.

SP/MA

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