The Bank of Ghana has asked the public to disregard reports suggesting the establishment of a GH¢2 billion price stabilisation fund to manage food commodity prices.
The central bank dismissed the claims, describing them as inaccurate and not reflective of any official policy directive.
The clarification follows media reports that the fund was intended to address food price volatility and inflation, particularly as policymakers intensify efforts to stabilise the economy.
According to the reports, the fund was to intervene during periods of sharp price increases, support farmers with liquidity, and strengthen structured commodity trading.
It was also linked to the 24-hour economy programme aimed at addressing persistent macroeconomic challenges, including high inflation, currency depreciation, and food price instability.
However, the Bank of Ghana has effectively ruled out the existence of a dedicated stabilisation fund at this stage.
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