BoG Predicts Lower Inflation! — Bank of Ghana Eyes 12% Target by Year-End, Says Dr. Zakari Mumuni

/ Tight monetary policies and macroeconomic reforms are expected to drive inflation down while boosting investor confidence and diaspora engagement.

০ Inflation Outlook: Bank of Ghana anticipates inflation to fall toward 12% by end of 2025.

০ Diaspora Focus: Remittances now play a crucial role in Ghana’s foreign reserves.

০ Investor-Friendly Policies: Central Bank pushes reforms to create a more attractive environment for investors and diaspora returnees.

Bank of Ghana projects inflation drop to 12% by year-end, boosting hopes for economic
stability, says Dr. Mumuni.

The Bank of Ghana (BoG) has reaffirmed its commitment to restoring economic stability, with inflation rates expected to continue declining thanks to the implementation of tight monetary policies.

Speaking at the Ghana Diaspora Investment Forum in Accra, Dr. Zakari Mumuni, the First Deputy Governor of the BoG, revealed that inflation is projected to fall to around 12% by the end of 2025 — a significant milestone in Ghana’s economic recovery.

“Macroeconomic fundamentals are projected to improve further to create a business-friendly environment for investors, while growth is projected to remain strong throughout the year,” Dr. Mumuni stated.

He attributed this positive outlook to disciplined fiscal policies, a strengthened monetary stance, and ongoing reforms in the foreign exchange market aimed at boosting investor confidence.

🌍 The Role of the Diaspora

The Deputy Governor also emphasized the growing importance of diaspora remittance inflows, noting that they have become a key component of Ghana's foreign exchange reserves. In response, the Bank of Ghana is rolling out several measures to support diaspora engagement and investment, including:

০ Lower remittance costs through stricter foreign exchange rules.

০ Tailored financial solutions to facilitate investment and relocation for diaspora communities.

০ Enhanced transparency and security protocols to encourage long-term investor trust.

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“The Bank is committed to building a strong partnership with the diaspora, offering innovative tools to help them invest confidently and securely,” Dr. Mumuni added.

With economic growth expected to remain strong and inflation projected to ease, Ghana’s financial outlook is becoming increasingly attractive for both local and foreign investors — particularly its global diaspora.

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