Latest news with #Johnson Asiama
Bloomberg
30-07-2025
- Business
- Bloomberg
Ghana Cuts Rates by Most on Record as Inflation Subsides
Ghana lowered the key interest rate by the most on record after the pace of inflation significantly slowed in the West African nation and is expected to ease further. The monetary policy committee cut the key rate to 25% from 28%, Governor Johnson Asiama told reporters on Wednesday in the capital, Accra. That matched the median estimate of nine economists in a Bloomberg survey. This is the second MPC meeting this month, an emergency gathering called almost two weeks ago opted to delay publicizing any policy decision until this one was held.
Bloomberg
15-07-2025
- Business
- Bloomberg
Ghana Moves to Hedge Gold Price to Preserve Build-Up of Reserves
Ghana is working on a program to hedge the price of gold exports as it seeks to shield earnings that have bolstered the central bank's foreign reserves from future volatility, Governor of the Bank of Ghana Johnson Asiama said. Increased production and higher prices have helped Africa's top gold miner to boost gross international reserves to $11.1 billion, Asiama said in the capital, Accra on Tuesday. The buffer is enough to cover 4.8 months of imports, he said.
