We are concerned about inflation outlook when setting policy rates – BoG Governor

Johnson Asiama The Bank of Ghana (BoG) Governor, Dr Johnson Asiama has revealed that the Monetary Policy Committee (MPC) pays close attention to the inflation outlook when setting the policy rate.

The Governor made the remarks during the inaugural MPC Educational Observership Programme, which brings Economics and Business students from tertiary institutions closer to the central bank’s monetary policy process.“Like some two months ago, I thought that we would go ahead with the easing cycle; however, fresh developments in the Middle East showed that end-of-year inflation will be affected, hence the need to hold the policy rate to try and check inflation from rising further in the coming months,” he said.