Bank of Ghana's Monetary Policy Committee meets to review policy rate

The Bank of Ghana's Monetary Policy Committee (MPC) began a three‑day meeting on 20 July 2026, concluding on 22 July, to assess recent macro‑economic developments. Participants will examine inflation trends, the cedi’s recent stability, credit conditions and fiscal developments while weighing external risks, notably heightened tensions in the Middle East that have pushed global oil prices higher.

The policy rate is currently 14 %. Analysts expect the MPC to adopt a cautious “wait‑and‑see” stance, possibly keeping the rate unchanged, as Governor Dr Johnson Asiama emphasised that decisions will be data‑driven and influenced by the evolving external environment.