Bank of Ghana’s Monetary Policy Committee 2025 Schedule

The Bank of Ghana (BoG) has released its schedule for the 2025 Monetary Policy Committee (MPC) meetings, outlining a roadmap for key discussions on Ghana’s economic outlook and monetary policy decisions.

The MPC, a critical platform for evaluating Ghana’s economic performance and setting the monetary policy rate, plays a pivotal role in controlling inflation and ensuring economic stability.

Here are the scheduled dates for the MPC meetings in 2025:

– First Meeting:January 22-24, with a press release on January 27.

– Second Meeting: March 25-28, with a press release on March 31.

– Third Meeting: May 21-23, with a press release on May 26.

– Fourth Meeting: July 23-25, with a press release on July 28.

– Fifth Meeting: September 23-26, with a press release on September 29.

– Final Meeting: November 19-21, with a press release on November 24.

The MPC’s deliberations are crucial for shaping Ghana’s monetary policy direction. These meetings assess both domestic and global economic developments to determine whether to maintain, reduce, or increase the monetary policy rate, which directly impacts borrowing and lending costs for businesses, households, and investors.

At the final MPC meeting of 2024, the Central Bank held the policy rate steady at 27% to address currency and inflationary pressures. This decision was based on the committee’s review of the country’s prevailing economic conditions. According to the MPC, “Inflation projections show a slightly elevated profile driven by high and unstable food prices, pass-through of previous exchange rate pressures, fuel prices, and utility tariff adjustments.”

The MPC’s 2025 meeting schedule provides a structured timeline for critical economic assessments and policy decisions, aimed at fostering economic stability in Ghana.