Dr Johnson Asiama is the Governor of the Bank of Ghana
The Governor of the Bank of Ghana, Dr Johnson Asiama, says the Emergency Monetary Policy Committee (MPC) meeting held on July 17, 2025, will not result in any changes to the current policy rate.
Speaking at the ABSA-UPSA Quarterly Banking Roundtable in Accra, he explained that the session was primarily convened to assess current economic conditions ahead of the Committee’s scheduled meeting in the coming days.
“We will rather review some developments in the market ahead of the actual meeting in the next 10 days. Many people thought that we were going to make a policy statement, that will not happen,” he said.
The Bank of Ghana had earlier confirmed that the MPC would convene on Thursday, July 17, 2025, in response to recent economic developments.
The official policy decision is now expected to be announced on Friday, July 18, 2025.
There had been earlier speculation that the Central Bank might cut rates during the emergency session.
However, the Governor’s clarification confirms that no such decision will be made at this stage.
DR/MA
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