Inflation drop not accidental - Professor Ebo Turkson credits BoG policy actions

A professor at the University of Ghana’s Economics Department, Professor Ebo Turkson, has attributed the recent decline in inflation to deliberate policy interventions by the central bank.

Speaking on The Key Points on TV3 Ghana on Saturday, April 25, 2026, the Associate Professor of Economics stressed that inflation control is the result of intentional and targeted action, not chance.

“Inflation has gone down as a result of the central bank’s intervention to take liquidity out of the market,” he said.

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Professor Turkson noted that high inflation remains one of the most destabilising forces in any economy, as it erodes predictability and weakens investor and consumer confidence.

“When inflation is high, it disrupts everything in the economy and undermines stability,” he added.

While commending the central bank’s leadership for its role in restoring price stability, he acknowledged that such gains often come at a cost.

“We should always weigh the benefits against the costs. Every economic policy comes with trade-offs. Price stability always comes at a cost,” he said.

His comments follow remarks by the Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, who indicated that the Bank’s 2025 financial results will reflect costs linked to these stabilisation measures.

FKA/MA