BoG Denies Plans for GH¢2bn Food Price Stabilisation Fund

The Bank of Ghana has urged the public to ignore reports suggesting the creation of a GH¢2 billion price stabilisation fund to manage food commodity prices. In a statement, the central bank described the reports as inaccurate and not reflective of any official policy. Media claims had indicated that the fund would intervene during sharp price spikes, provide liquidity to farmers, and support structured commodity trading as part of efforts to stabilise the economy. The reports also linked the alleged fund to Ghana’s 24-hour economy programme, aimed at addressing high inflation, currency depreciation, and food price volatility. The BoG has now clarified that no dedicated stabilisation fund exists at this stage and reiterated that any such measure would be officially communicated through the proper channels.