High interest rates and currency depreciation drive Bank of Ghana financial strain- CERPA report

The Bank of Ghana’s aggressive inflation fight and efforts to stabilise the cedi are contributing significantly to its mounting financial losses, according to a new analysis by the Centre for Economic Research and Policy Analysis (CERPA). The think tank says the central bank’s reliance on tight monetary policy tools—such as high interest rates and liquidity management operations—has come with “substantial financial costs” that are now reflected in its worsening balance sheet.

By Caleb Ahinakwah