{"id":88769,"date":"2025-08-08T14:18:59","date_gmt":"2025-08-08T14:18:59","guid":{"rendered":"https:\/\/sotnews.agency\/?p=88769"},"modified":"2025-08-08T14:18:59","modified_gmt":"2025-08-08T14:18:59","slug":"cib-ghana-leads-national-dialogue-on-monetary-policy-and-banking-reform","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=88769","title":{"rendered":"CIB Ghana leads national dialogue on monetary policy and banking reform"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>3 Minute, 13 Second <\/div>\n\n <\/div>
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The Chartered Institute of Bankers, Ghana (CIB Ghana) has convened a high-level policy seminar under the theme \u201cMonetary Policy in Action: How MPC Decisions Shape Ghana\u2019s Economy and Financial Sector,\u201d to examine the practical implications of monetary policy decisions on lending, inflation, and financial sector development.<\/p>\n

In his welcome address, Mr. Benjamin Amenumey, President of CIB Ghana, reaffirmed the Institute\u2019s commitment to advancing professional discourse on national economic policy. \u201cOur mandate requires that we promote ethical and professional conduct while advancing the development of the banking profession. Fostering dialogue on monetary policy is a national duty,\u201d he stated.<\/p>\n

Mr. Robert Dzato, Chief Executive Officer of CIB Ghana, shared key findings from a recent study conducted by the Institute. The research, which surveyed senior banking executives and other officials, revealed widespread stakeholder alignment with the Bank of Ghana\u2019s (BoG) recent policy stance. \u201cOver 85 percent of respondents had anticipated the latest rate cut. Stakeholders are looking for greater alignment between monetary policy actions and economic growth. We also heard concerns about liquidity constraints, credit risk, and volatility in funding costs,\u201d he added.<\/p>\n

\"CIB
CEO of the Chartered Institute of Bankers, (CIB) Ghana, Robert Dzato presenting on some findings at the event<\/figcaption><\/figure>\n

The event\u2019s keynote address was delivered by Dr. Johnson Asiama, Governor of the BoG, who described the current disinflation process as \u201creal, sustained, and progressive,\u201d supported by coordinated, data-driven measures between the central bank and the Ministry of Finance. Inflation fell from 25.8 percent in March to 13.7 percent in June 2025, while the Ghana Reference Rate (GRR) declined from 32.5 percent in January to 27.7 percent in July. Dr. Asiama cited the cedi\u2019s appreciation, over 40 percent year-to-date, as a key factor in lowering imported inflation and improving purchasing power.<\/p>\n

\"CIB
Dignitaries present at the CIB Ghana\u2019s Roundtable Discussion post MPC decision<\/figcaption><\/figure>\n

He cautioned, however, that banks must prepare for the evolving financial landscape. \u201cBanks have to start assessing themselves, especially their credit infrastructure. We will soon come out with a notice on credit risk for banks, and it is all in line with what we see coming,\u201d he said.<\/p>\n

The Governor encouraged commercial banks to transition from passive investment in government securities to core credit intermediation. \u201cThe era of high interest rates and passive investment is ending. Banks must now reimagine their business models, focusing on SMEs, agriculture, and green finance,\u201d he added.<\/p>\n

A panel discussion followed, featuring insights from key industry stakeholders.<\/p>\n

Professor Festus Ebo Turkson, an external member of the MPC, explained the decision-making framework behind the recent rate cut. \u201cIt is data driven. Every decision we make reflects a rigorous review of economic conditions and risks,\u201d he stated.<\/p>\n

\"CIB
Panelist discussing post MPC at the CIB Ghana\u2019s Roundtable<\/figcaption><\/figure>\n

Dr. Humphrey Ayim Dake, President of the Association of Ghana Industries (AGI), expressed support for the changing interest rate environment. \u201cWe welcome the imminent low interest rate regime and expect to see more banking\u2014that is, credit flowing into real businesses,\u201d he said.<\/p>\n

Mr. Joseph Obeng, President of the Ghana Union of Traders Association (GUTA), noted that declining prices of imported goods are already evident due to the cedis appreciation against major trading currencies, especially the US dollar. \u201cIf the cedi holds steady, prices will continue to come down across the board,\u201d he said.<\/p>\n

\"CIB
President of the Chartered Institute of Bankers, Benjamin Amenumey (CIB) presenting a speech at the event.<\/figcaption><\/figure>\n

Ms. Ellen Ohene-Afoakwa, Managing Principal for Corporate and Investment Banking at Absa Bank, observed that banks are ready to lend but require better-prepared businesses. \u201cBanks are willing to lend, but businesses must be in good shape to receive credit. Sound governance, financial discipline, and transparency matter,\u201d she said.<\/p>\n

The seminar affirmed the importance of inclusive, transparent dialogue in shaping policy and enhancing financial sector performance.<\/p>\n<\/div>\n

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\"CIBThe Chartered Institute of Bankers, Ghana (CIB Ghana) has convened a high-level policy seminar under the theme \u201cMonetary Policy in Action: How MPC Decisions Shape Ghana\u2019s Economy and Financial Sector,\u201d to examine the practical implications of monetary policy decisions on lending, inflation, and financial sector development. In his welcome address, Mr. Benjamin Amenumey, President of [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":88770,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1904,2367,6141,10,9],"tags":[],"class_list":["post-88769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-and-finance","category-bog","category-cib","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/88769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88769"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/88769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/88770"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}