Parliament commends BoG’s transparency, encourages continued engagement

Members of Parliament on the Parliamentary Committee on Economy and Development have commended the Bank of Ghana for its openness and transparency during the Governor’s briefing on the conduct of monetary policy in 2025.

The engagement provided an opportunity for the Bank to clarify recent policy decisions, explain the economic outcomes observed in the data, and address questions relating to the Bank’s balance sheet and reserve management.

During the discussions, several Members of the Committee noted the importance of such engagements in helping Parliament and the public better understand the policy actions taken to stabilize the Ghanaian economy.

Some Members also referenced misinformation circulating in the public domain over the weekend regarding certain aspects of the Bank’s operations, emphasizing that direct engagement between the Bank and Parliament helps ensure that accurate information is communicated to the public.

The Committee therefore encouraged the Bank of Ghana to continue maintaining open lines of communication with Parliament and other stakeholders as part of efforts to strengthen public understanding of monetary policy and financial sector developments.

Governor Dr. Johnson Pandit Asiama welcomed the Committee’s comments and reaffirmed the Bank’s commitment to transparency and accountability in the discharge of its mandate.

“The Bank of Ghana will continue to engage Parliament and the Ghanaian public openly on matters relating to monetary policy, financial stability, and the management of our national reserves,” he said.

The Governor noted that sustained dialogue between policymakers and legislators plays an important role in addressing misconceptions, strengthening public confidence, and ensuring that economic policy decisions are properly understood.