Ghana’s central bank governor has suspended the gold-for-oil program and expects the cedi to stabilize after its volatility last year. Improved monetary and fiscal policy coordination is expected to help control inflation, which eased to 23.5% in January. The central bank may transfer the gold-for-oil program to a new Gold Board. With interest rates at 27%, the governor aims to stem losses at the central bank while the country recovers from its 2022 debt default and USD 3 bln IMF bailout.