The Monetary Policy Committee (MPC) of the Bank of Ghana has unanimously maintained the Monetary Policy Rate at 14.0%, citing a broadly balanced outlook for inflation and economic growth.
The decision was taken at the Committee’s 132nd regular meeting held from 23 to 24 September 2026.
Bank of Ghana Governor, Dr Johnson Pandit Asiama, said the balance of risks to inflation and growth remained broadly balanced.
The MPC noted continued resilience in the domestic economy, supported by easing credit conditions as well as improved business and consumer sentiment.
However, the Committee identified emerging inflationary risks arising from higher crude oil prices, upward adjustments in utility tariffs and global supply chain pressures.
Headline inflation increased to 5.0% in August 2026, although the Committee said inflation remained well anchored.
Economic activity also remained strong, with real GDP growth reaching 6.0% in the second quarter of 2026.
The banking sector was described by the Committee as solvent, profitable and liquid, indicating continued stability within the financial sector.
The MPC said it would continue to closely monitor economic developments and assess their implications for inflation and growth.
