Africa-Press – Ghana. Mr. Benjamin Amenumey, President of the Chartered Institute of Bankers, Ghana (CIB Ghana), has reaffirmed the Institute’s commitment to advancing professional discourse on national economic policy.
He said, “Our 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.”
Mr Amenumey said this when CIB Ghana convened a high-level policy seminar to examine the practical implications of monetary policy decisions on lending, inflation, and financial sector development.
The event was on the theme:“Monetary Policy in Action: How MPC Decisions Shape Ghana’s Economy and Financial Sector.”
Mr. Robert Dzato, Chief Executive Officer of CIB Ghana, said a recent study by the Institute revealed widespread stakeholder alignment with the Bank of Ghana’s (BoG) recent policy stance.
“Over 85 per cent of respondents had anticipated the latest rate cut. Stakeholders are looking for greater alignment between monetary policy actions and economic growth,” he said.
He said they had concerns about liquidity constraints, credit risk, and volatility in funding costs.
Dr. Johnson Asiama, Governor of the BoG described the current disinflation process as “real, sustained, and progressive,” supported by coordinated, data-driven measures between the Central Bank and the Ministry of Finance.
He said inflation fell from 25.8 per cent in March to 13.7 per cent in June 2025, while the Ghana Reference Rate declined from 32.5 per cent in January to 27.7 per cent in July.
Dr. Asiama cited the cedi’s appreciation, over 40 per cent year-to-date, as a key factor in lowering imported inflation and improving purchasing power.
He cautioned, however, that banks must prepare for the evolving financial landscape.
“Banks 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,” he said.
The Governor encouraged commercial banks to transition from passive investment in government securities to core credit intermediation.
“The era of high interest rates and passive investment is ending. Banks must now reimagine their business models, focusing on SMEs, agriculture, and green finance,” he added.
Dr. Humphrey Ayim Dake, President of the Association of Ghana Industries (AGI), expressed support for the changing interest rate environment.
“We welcome the imminent low interest rate regime and expect to see more banking—that is, credit flowing into real businesses,” he said.
The seminar affirmed the importance of inclusive, transparent dialogue in shaping policy and enhancing financial sector performance.
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