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MPC Press Release - February 2013 |
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The economic climate is projected to be more favourable in 2013 than 2012, but growth prospects still remain fragile. Going forward, the global economy is likely to face lesser challenges. Consequently, growth is forecast to strengthen to 3.5 percent in 2013.
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MPC Press Release - November 2012 |
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Growth in the global economy remained constrained by persisting uncertainties in the euro area, fragile financial markets, and the looming US ‘fiscal cliff’ which involves automatic spending cuts and tax hikes early next year. The combined effect of these threats to the global economic outlook led to further downward revisions of growth forecasts.
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MPC Press Release - September 2012 |
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During the review period, inflation remained within the target range, given the tight monetary policy stance. The pass-through effects of exchange rate depreciation appear to be muted and there are positive indications that the impending harvest season will have a moderating effect on inflation in the next few months.
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MPC Press Release - June 2012 |
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On the assessment of the risks in the economy, the Committee was of the view that risks to the inflation outlook were on the upside. These were underscored by exchange rate depreciation, domestic financing of the fiscal deficit and energy subsidies.
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New Monetary Policy Measures |
The Bank of Ghana has observed, since the last meeting of the Monetary Policy Committee (MPC) that the transactions market for foreign exchange remains broadly stable, consistent with economic fundamentals.
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Monetary Policy