Fitch Solutions has maintained its forecast for the Bank of Ghana (BoG) policy rate at 14.00% by the end of 2026, following the central bank’s decision to keep its benchmark interest rate unchanged.
The forecast comes after the Bank of Ghana maintained the policy rate at 14% at its latest Monetary Policy Committee (MPC) meeting, as policymakers continue to monitor inflation and other key economic indicators.
According to the UK-based financial and economic research firm, persistent single-digit inflation is expected to support the Bank of Ghana’s decision to maintain the current monetary policy stance.
Fitch Solutions projects that the BoG policy rate will remain at 14% at the final MPC meeting of 2026, scheduled for November, barring any significant changes in economic conditions.
However, the firm expects the central bank to adopt a tighter monetary policy stance in 2027, forecasting a 200-basis-point increase in the policy rate to 16.00%.
The forecast highlights the importance of inflation trends in determining Ghana’s interest rate outlook and monetary policy direction as the country continues to navigate economic recovery and macroeconomic stability.
Investors, businesses and financial institutions will be closely watching the upcoming Bank of Ghana MPC meeting for further signals on interest rates, inflation and the broader outlook for the Ghanaian economy.
Source: newsthemegh.com