The private sector has urged the Governor of the Bank of Ghana (BoG) to actively engage businesses in monetary policy deliberations, arguing that a more inclusive approach will foster sustainable economic growth and better align fiscal strategies with business realities.
This recommendation was presented at the National Economic Dialogue during the Private Sector-Led Growth breakout session by Abena Amoah, Managing Director of the Ghana Stock Exchange.
She emphasized the need for stronger collaboration between the central bank and industry players to ensure that monetary policy decisions reflect the economic challenges and opportunities faced by businesses.
According to her, direct engagement with the private sector will help bridge the gap between macroeconomic policies and the realities on the ground, ultimately boosting investment, job creation, and overall economic expansion.
“We believe that the macroeconomy is often diverged from the private sector, so Governor, we want the private sector to meet with the Governor and the MPC frequently—at least twice a year—so you can hear us and see how the tools you have will support growth and employment for Ghana,” she stated.
Her call highlights growing concerns among business leaders that monetary policy decisions, including interest rate adjustments and inflation control measures, often lack input from those directly impacted—private enterprises and investors.
As Ghana navigates economic recovery efforts, private sector stakeholders continue to push for policy reforms that foster a more enabling business environment, urging policymakers to adopt an approach that prioritizes growth, innovation, and job creation.
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