Maxwell Opoku-Afari: The challenges on monetary policy and markets development in Ghana

Speaking notes by Dr Maxwell Opoku-Afari, First Deputy Governor of the Bank of Ghana, at the Ghana - EU Business Forum, Accra, 13 June 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
18 June 2019


1. Let me start by expressing our appreciation to the organisers of the Ghana - EU Business Forum. Ghana has had very good economic, trade and social relations with the European Union (EU) over the years, and we believe there are even greater opportunities for further socio-economic and trade cooperation in the medium to long term.

2. This Forum provides a unique platform for policymakers, financial sector participants and the business community to share ideas to help facilitate business promotion but also, on a larger scale, to shape the economic and structural transformation agenda we aspire for under the Ghana Beyond Aid agenda.

Let me provide a Brief Overview of Monetary Policy Implementation in Ghana

3. Monetary policy remains and will continue to remain crucial in the macroeconomic management process.