Business leaders have called on the Bank of Ghana (BoG) to actively involve the private sector in shaping monetary policy, arguing that stronger collaboration will lead to policies that better reflect economic realities and drive sustainable growth.
Speaking at the National Economic Dialogue, Abena Amoah, Managing Director of the Ghana Stock Exchange, stressed the need for regular engagement between the central bank and industry players. She proposed that the Governor of the BoG and the Monetary Policy Committee (MPC) meet with private sector representatives at least twice a year to ensure that policy decisions align with business needs.
“We believe that the macroeconomy is often diverged from the private sector,” Amoah stated. “Governor, we want the private sector to meet with you and the MPC frequently so you can hear us and see how the tools you have will support growth and employment for Ghana.”
Her remarks reflect growing concerns among businesses that key monetary policy decisions—such as interest rate adjustments and inflation control measures—are often made without sufficient input from the private sector, despite their direct impact on investment, job creation, and economic expansion.
As Ghana works toward economic recovery, business leaders continue to push for policies that create a more supportive environment for private enterprises, emphasizing that a collaborative approach between policymakers and industry stakeholders is crucial for long-term economic transformation.
