Bank of Ghana calls for electronic portal for national statistics
What happened
The Governor of the Bank of Ghana, Johnson Pandit Asiama, called for the creation of a dedicated electronic portal to make national statistical data more accessible and usable for research and policymaking. He stated that this platform should provide underlying data in machine-readable formats to allow the use of artificial intelligence and machine learning. He commended the Ghana Statistical Service for the Ghana in Numbers 2025 report, noting that high-quality data is fundamental to the Bank of Ghana’s monetary policy decisions.
From thechronicle.com.gh
Why it matters
Improved access to reliable statistics would strengthen evidence-based decision-making for Ghana. The Bank of Ghana relies on this information for its monetary policy and financial-sector regulation, particularly when assessing inflation and exchange rates. Advances in data science could help improve economic forecasts and assess risks from complex datasets.
From thechronicle.com.gh
Who's involved
- Johnson Pandit AsiamaGovernor of the Bank of Ghana
- Bank of GhanaCentral bank that relies on statistical data for policy formulation
- Ghana Statistical ServiceOfficial body responsible for collecting and publishing national economic data
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Ghana cediSpeculative
The Ghana cedi might benefit from better management of inflation and exchange rates due to improved statistical reliability.
- GCB BankSpeculative
GCB Bank might face changes in compliance costs related to regulatory directives from the Bank of Ghana.
- National Investment BankSpeculative
National Investment Bank might face changes in compliance costs related to regulatory directives from the Bank of Ghana.
- Stanbic BankSpeculative
Stanbic Bank might face changes in compliance costs related to regulatory directives from the Bank of Ghana.
- World BankSpeculative
The World Bank might benefit from improved policy credibility in Ghana, aiding funding assessments.
Keep exploring
The entities involved
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Ghana
country in West Africa
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Bank of Ghana
central bank of Ghana
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Ghana Statistical Service
Government body in Ghana
Nothing else this week.
Related events
- The IMF urged the Bank of Ghana to maintain a cautious monetary policy amidst Ghana's economic challenges.
- The Bank of Ghana disclosed recent statistics regarding mobile money accounts in Ghana.
- BoG held a regional course in Accra urging central banks in West Africa to strengthen financial regulation.
- The Bank of Ghana maintains its policy rate to guide inflation amid rising geopolitical tensions.
- GNPC faces debt issues while Ghana's statistical service releases producer inflation data and the BoG Governor discusses the financial sector.