The Bank of Ghana has announced its decision to meet with the Ghana Association of Banks in the coming days to address concerns surrounding forward foreign exchange auctions and market liquidity.
The Governor of the Bank of Ghana (BoG), Dr. Johnson P. Asiama, revealed that the discussions will focus on improving the efficiency of the foreign exchange market and ensuring banks have sufficient liquidity to meet the needs of businesses and households.
He disclosed this at a brief meeting with the CEOs of commercial banks in Accra.
“There is hope for further easing,” the Governor said.
He also hinted at the possibility of a policy rate reduction if the current trend of easing inflation and stable market conditions continues.
According to him, any adjustment to the rate will be done cautiously to protect the gains made in macroeconomic stability.
By: Rainbowradioonline.com/Ghana
