The global economic outlook has become more challenging with increased economic and trade policy uncertainties.
On the domestic front, the economy was buoyant in the first quarter of 2025.
The Bank’s high-frequency real sector indicators pointed to a sustained pickup in economic activity.
Headline inflation has declined further to 13.7 percent in June 2025 from 18.4 percent in May, the lowest reading since December 2021.
In the banking sector, the Financial Soundness Indicators reflected continued asset growth, improved solvency, liquidity, profitability, and efficiency in the first half of the year.
The external sector has improved markedly, with a record current account surplus of US$3.4 billion in the first half of 2025.
open for the highlights: 125 MPC MEETINGS HIGHLIGHTS (JULY 2025)
Gross International Reserves stood at US$11.1 billion at the end of June 2025, equivalent to 4.8 months of import of goods and services.
The cedi has further strengthened against the major trading currencies. In the year to 25th July 2025, the cedi appreciated by 40.7 percent against the US dollar, 31.2 percent against the British pound, and 24.2 percent against the euro.
Policy Rate lowered by 300 basis points to 25.0 percent.
