In delivering this mandate, the Bank of Ghana’s operational framework for monetary policy involves adjusting interest rates to achieve the target inflation in the policy horizon. By this  BIS Review 90/2010  1  process, the stance of monetary policy is to continuously assess risks to growth and inflation and properly position the key policy rate to restore balance between inflation and growth.
[8] The mandate and strategy of the Bank of Ghana is consistent with theoretical arguments in the economic literature regarding the role of monetary policy in attaining price stability. We also believe that monetary policy should be mindful of the country’s growth objectives.