Stable cedi, falling inflation creating room for stronger credit growth – BoG Governor

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, says improving macroeconomic conditions, including relative exchange rate stability and declining inflation, are creating opportunities for stronger credit growth in the economy.“Inflation has declined significantly, the exchange rate has remained relatively stable, financial conditions have eased considerably, and interest margins have become increasingly compressed.

According to the Governor, the gains from improving macroeconomic conditions must ultimately translate into increased productive activity, business expansion and job creation.