Ghana macro stability, policy rate hold, lending concerns

Timeline

1. about 16 hours ago

   [BUSINESS] 2 sources

   PwC warns high lending rates could stall Ghana's economic recovery

   PwC says Ghana's inflation drop and lower policy rate are insufficient while commercial loan rates stay near 17.6%, threatening investment and job growth.

2. about 17 hours ago

   [BUSINESS] 3 sources

   Bank of Ghana Keeps Policy Rate at 14% Amid Inflation Concerns

   Ghana’s central bank kept its policy rate at 14% after a unanimous MPC vote, citing inflation uncertainty and external risks, a move seen as supportive for the stock market.

3. 7 days ago

   [BUSINESS] 2 sources

   Ghana cedi slides nearly 10% against the dollar in July 2026

   In July 2026 the Ghana cedi fell about 9.5% against the US dollar in the interbank market, reaching GH¢12.20 per dollar, while retail rates stayed roughly stable.

4. 7 days ago

   [BUSINESS] 2 sources

   Ghana Central Bank Keeps Rate Steady as US‑Iran Conflict Fuels Inflation Risk

   Ghana’s central bank held its key rate steady, citing rising inflation risks from the renewed US‑Iran conflict.

5. 10 days ago

   [BUSINESS] 4 sources

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

   Ghana's MPC met July 20‑22, 2026 to review inflation, cedi stability and external risks, likely keeping the 14% policy rate amid Middle East tensions.

6. 10 days ago

   [BUSINESS] 3 sources

   Bank of Ghana releases weekly interbank FX rates, cedi at GH¢11.55 per US$

   Bank of Ghana published its weekly interbank FX rates, showing the cedi at GH¢11.55 per US$, with updated rates for the pound, euro, yuan and other major and regional currencies.

7. 17 days ago

   [BUSINESS] 7 sources

   Ghana completes final stage of external debt restructuring

   Ghana completed the exchange of its remaining SADEREA Notes on 13 July 2026, ending the last phase of its external debt restructuring, boosting investor confidence and macro‑economic stability while warning of短

8. 20 days ago

   [BUSINESS] 2 sources

   Ghana Shifts to Growth Phase as Economy Records 4.7% Expansion in April

   Ghana's finance minister says the country will shift from fiscal consolidation to growth, and April 2026 data shows a 4.7% YoY expansion led by services and mining.

9. 22 days ago

   [BUSINESS] 3 sources

   Ghana cedi expected to stay stable as PwC cites central bank interventions

   PwC predicts Ghana's cedi will stay stable after the central bank injected $2.01 bn in June 2026, and expects the policy rate to remain unchanged.

10. 23 days ago

    [BUSINESS] 3 sources

    Ghana inflation may dip below 5% in July as banks face profit pressure from falling rates

    Databank forecasts Ghana's July inflation drop below 5%, while a PwC survey flags profit pressure on banks as interest rates fall sharply.

11. 27 days ago

    [BUSINESS] 3 sources

    Inflation climbs in Ghana and Nigeria as prices surge

    Ghana’s inflation hit 5.3% in June, while Nigeria’s forecast June inflation is 15.95%, driven by food price shifts and lower fuel costs.

12. about 1 month ago

    [BUSINESS] 7 sources

    Ghana's Growth to 4.7% in 2027, Inflation 12.8%, Fitch Says

    Fitch forecasts Ghana’s inflation averaging 12.8% in 2027 and growth slowing to 4.7%, citing debt‑service pressure, weaker oil/cocoa output and possible U.S. Fed tightening.

13. about 1 month ago

    [BUSINESS] 3 sources

    Ghana Holds Africa’s Highest Lending Rate Despite Major Policy Rate Cuts

    Ghana tops Africa with a 16.33% average lending rate in April 2026, despite cutting its policy rate from 28% to 14% and keeping it steady amid inflation concerns.

14. about 2 months ago

    [BUSINESS] 2 sources

    Ghana Inflation Near 30‑Year Low as Recovery Faces New Price Pressures

    Ghana's inflation fell to ~3.4% in May 2026, prompting rate cuts and a 73% stock market rally, while gold earnings boost reserves; however, global commodity price spikes are stirring new consumer and producer‑p

15. about 2 months ago

    [BUSINESS] 3 sources

    Bank of Ghana tightens policy as May inflation rises, cautions media on currency coverage

    May inflation in Ghana rose to 3.7% y/y, prompting the Bank of Ghana to hold rates at 14% and replace the cash‑reserve ratio, while Deputy Governor Asante‑Asiedu warned journalists against sensational currency‑

16. about 2 months ago

    [BUSINESS] 3 sources

    Ghana inflation expected to stay below 5% through 2026 as central bank holds rates

    Ghana’s finance minister expects inflation below 5% by 2026; May data shows a 3.7% rise driven by food and fuel costs, with the central bank holding rates at 14% and targeting 6‑10% by year‑end.

17. 2 months ago

    [BUSINESS] 2 sources

    Ghana’s macro gains hide cost‑of‑living pressures and cedi weakness

    Despite falling inflation and improved debt metrics, Ghana’s cedi has lost over 10% against the dollar as structural imbalances keep cost‑of‑living pressures high, economist Isaac Boadi warned.

18. 3 months ago

    [BUSINESS] 2 sources

    Ghana Reference Rate drops to 10.03% as cedi weakens slightly against dollar

    Ghana’s Reference Rate fell to 10.03% and the cedi slipped modestly against the dollar in May 2026.

19. 3 months ago

    [BUSINESS] 2 sources

    Ghanaian cedi weakens against dollar in forex and interbank markets

    Ghanaian cedi weakens against the dollar in forex and interbank markets, with interbank around 11.10–11.12 and forex market at 12.15.

This summary has been updated 1 time: see revision history