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Ghana’s Economy moves towards greater durability amid Monetary Policy adjustments

“Stability has been restored. The task now is durability. Durability requires stronger business models, broader ownership, deeper intermediation, disciplined innovation, and sound governance.

Edzorna Francis Mensah by Edzorna Francis Mensah
February 18, 2026
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Johnson Pandit Asiama, Governor of the Bank of Ghana emphasized that while recent economic stability has been achieved, the nation now faces the challenge of ensuring durability.

This involves strengthening business models, expanding ownership, enhancing intermediation, fostering disciplined innovation, and maintaining sound governance across sectors.

 

The Bank of Ghana remains committed to supporting these efforts as a firm, fair, and forward-looking partner, balancing intervention with clear expectations for sustainable growth.

 

Following the Bank’s 128th Monetary Policy Committee (MPC) meeting in January 2026, the MPC decided to reduce the Monetary Policy Rate by 250 basis points to 15.50%, citing declining inflation and anchored inflation expectations as key factors. The decision reflects confidence in the improving global and domestic economic environments, with monetary conditions remaining sufficiently tight to support continued price stability.

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Additionally, the central bank has undertaken a thematic review of banking sector practices, focusing on business models, funding structures, and governance effectiveness. Discussions also covered cybersecurity concerns and initiatives encouraging banks to raise capital through listings on the Ghana Stock Exchange, signaling efforts to bolster the financial sector’s resilience and growth prospects in 2026.

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