{"id":94951,"date":"2025-09-19T17:52:50","date_gmt":"2025-09-19T17:52:50","guid":{"rendered":"https:\/\/sotnews.agency\/?p=94951"},"modified":"2025-09-19T17:52:50","modified_gmt":"2025-09-19T17:52:50","slug":"bog-expects-single-digit-inflation-to-be-achieved-before-end-of-2025","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=94951","title":{"rendered":"BoG expects single digit inflation to be achieved before end of 2025"},"content":{"rendered":"
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The Bank of Ghana (BoG) has revealed that it expects Ghana to record single-digit inflation before the end of 2025.<\/p>\n

According to the Central Bank, the projection is anchored on its current monetary tightening stance, fiscal consolidation, and improved food supplies, which have accelerated the pace of disinflation.<\/p>\n

The forecast is based on the fact that the economy does not experience any significant shocks or external disruptions in the coming months.<\/p>\n

Director of Research at the Central Bank, Dr Philip Abradu-Otoo, disclosed this on PM EXPRESS BUSINESS EDITION with host George Wiafe.<\/p>\n

\u201cWe have seen a rapid disinflation over the past months, and we expect that to be sustained going forward,\u201d he maintained.<\/p>\n

Dr Abradu-Otoo further noted, \u201cAt the beginning of the year when we did our projection, we were expecting to hit single digits in the first quarter of 2026.<\/p>\n

However, based on current developments in the economy, the Bank of Ghana has pushed this forward to the last quarter of 2025.\u201d<\/p>\n

He explained that this outlook was one of the reasons the Monetary Policy Committee cut its key lending rate by 350 basis points to 21.5%.<\/p>\n<\/p>\n

Sustaining Gains<\/strong><\/p>\n

Speaking on the show, Dr Abradu-Otoo assured that the Bank of Ghana remains committed to maintaining stability in the monetary space.<\/p>\n

\u201cThe Bank of Ghana will definitely continue with what we are doing to ensure that things do not get out of hand,\u201d he said.<\/p>\n

He added, \u201cThe Central Bank will continue to work to ensure consistency in policies and build reserves to ensure that we have a firm grip on the market.\u201d<\/p>\n

Responding to criticisms about the margin of the policy rate cut, Dr Abradu-Otoo stressed that the decision was informed by data and a positive economic outlook.<\/p>\n

\u201cThe decision was unanimous in terms of the need for the policy to be cut; however, the margin was based on a vote,\u201d he explained.<\/p>\n

The Director of Research therefore maintained that all members of the Monetary Policy Committee agreed on a cut, but the extent of the reduction \u201cwas when we had to vote.\u201d<\/p>\n<\/div>\n

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\"BoGThe Bank of Ghana (BoG) has revealed that it expects Ghana to record single-digit inflation before the end of 2025.<\/div>\n","protected":false},"author":1,"featured_media":0,"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":[1264,1904,12,8804,319,1978,2529,2535,10,9],"tags":[],"class_list":["post-94951","post","type-post","status-publish","format-standard","hentry","category-bank-of-ghana","category-banking-and-finance","category-business","category-dr-philip-abradu-otoo","category-economy","category-hp-business-1","category-inflation","category-policy-rate","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94951","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=94951"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/94951\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}