Economist Julius Gyimah has called on Ghana’s Monetary Policy Committee (MPC) to raise the policy rate as geopolitical tensions in the Middle East fuel global market volatility.
Speaking on Morning Target on Bullet TV, Gyimah argues , “in times like this, the MPC will be thinking of increasing Monetary Policy Rates because that is what should align with economic principles” to support the economy and maintaining stability.
The Bank of Ghana has been actively adjusting the Monetary Policy Rate (MPR) to manage inflation and support growth. Headline inflation eased to 3.3% in February, below the central bank’s medium-term target band of 5–8%, but analysts warn that rising oil prices could reverse recent gains.
The MPC is expected to announce its latest policy decision on March 18. The benchmark rate currently stands at 15.5%.
