The Bank of Ghana (BoG) has launched its first-ever Monetary Policy Committee (MPC) Education Observership Programme, giving selected university students a rare opportunity to witness the central bank’s policymaking process during its 131st Monetary Policy Committee meeting.
The maiden initiative forms part of the Bank’s efforts to strengthen public understanding of monetary policy by opening its decision-making process to students pursuing economics, finance, and related disciplines.
Participants observed how members of the Monetary Policy Committee assessed developments in the domestic and global economies before reaching a decision on the country’s Monetary Policy Rate.
Speaking to Univers News, the President of the Finance Students’ Association at the University of Ghana Business School, Favour Betta, said the observership offered insights that could not be gained through lectures alone.
“Honestly, the experience has been an eye-opener because being selected as one of the students from the University of Ghana for this observership programme is a massive opportunity. In lecture halls, we always talk about economic theory, but here we see it happening in real life at the Bank of Ghana, and it is a whole different ball game altogether.”
The Vice President of the Finance Students’ Association, Emmanuella Mensah, said the programme reshaped her understanding of how the policy rate is determined.
“I have come to realise that arriving at the policy rate is not just an individual decision. It is a collective process that involves deliberation among some of the brightest minds before a final decision is reached.”
The maiden MPC Education Observership Programme marks a significant step in the Bank of Ghana’s efforts to bridge the gap between academia and public policy while giving students firsthand exposure to the country’s monetary policymaking process.
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Story by JisLord Ablorh | univers.ug.edu.gh
Edited by Gabriel Tecco Mensah
