Nelson Cudjoe Kuagbedzi says Bank of Ghana should be judged by its mandate
Updated
Updated · CediRates · May 2
Nelson Cudjoe Kuagbedzi says Bank of Ghana should be judged by its mandate
2 articles · Updated · CediRates · May 2
Speaking on JoyNews, the UMB Capital finance head said BoG's 2025 interventions cut inflation to 5.4% from 23.8%, lifted reserves to $13.1bn and reduced lending rates to about 20%.
He said the central bank's tight monetary stance, reserve accumulation and foreign-exchange controls helped stabilise the cedi and improve investor confidence, despite high costs from liquidity absorption and debt exchange pressures.
Kuagbedzi said BoG losses rose from 8 billion to about 16 billion cedis, but with March 2026 inflation at 3.2%, he expects lower liquidity absorption and an improving equity position.
Could the Bank of Ghana’s mounting losses eventually threaten its independence or ability to maintain low inflation in the face of external shocks?
With Ghana’s BoG prioritizing price stability over profits, what risks might arise if fiscal pressures or political demands resurface in the future?