Bankers, policymakers and industry leaders are calling for deliberate action to translate Ghana’s macroeconomic stability into real growth, jobs and productivity, warning that stability alone cannot protect the economy from global shocks.
The call was made at a post-MPC policy seminar organised by the Chartered Institute of Bankers Ghana (CIB Ghana), themed “Balancing Stability and Growth: Interest Rates Impact in Geopolitical Shocks.”
Vice President of CIB Ghana, Togbe Asiama Krakani V, said the forum helps stakeholders explore how to sustain gains and drive growth. The event brought together officials from the Bank of Ghana, Ministry of Finance, Association of Ghana Industries (AGI), Ghana Union of Traders’ Associations (GUTA), banks and students.
CIB Ghana CEO, Robert Dzato, said a recent survey shows growing confidence in the economy, with 72% of respondents optimistic about stability and 89% expecting increased lending. However, some institutions still face high interest rates and tight funding conditions.
The Governor of the Bank of Ghana, Johnson Pandit Asiama, said the focus is now shifting from stabilisation to inclusive growth. A recent policy rate cut to 14% is expected to reduce borrowing costs and boost credit to businesses, especially SMEs.
During a panel discussion, experts stressed the need for structural reforms. Theo Acheampong called for investment in agriculture and manufacturing to reduce import dependence, while AGI urged the creation of an industrialisation fund to support long-term financing.
Clement Boateng of GUTA noted that lower inflation does not mean lower prices, and raised concerns about a new AI-based system at ports used to calculate duties.
Participants agreed that while stability is important, it must be backed by coordinated policies, private-sector job creation and targeted reforms to achieve sustainable and inclusive growth.
