The International Monetary Fund (IMF) has advised the Bank of Ghana (BoG) to maintain a tight monetary policy stance to help bring inflation within its target range and preserve recent economic progress.
During a press briefing in Washington, IMF Communications Director Julie Kozack commended Ghana for its strides in curbing inflation. She noted that inflation, which peaked at 54 percent at the end of 2022, had fallen sharply to 13.7 percent by June 2025.
“Looking ahead, it is crucial for monetary policy to remain appropriately tight to support further disinflation and guide inflation toward the Bank of Ghana’s target range of 8 percent, plus or minus 2 percentage points,” she emphasized.
The Bank of Ghana currently holds its policy rate at 28 percent, despite a steady six-month decline in inflation—from 23.8 percent in December 2024 to 13.7 percent in June 2025.
