The Bank of Ghana (BoG) has maintained its monetary policy rate at 14 percent, keeping the benchmark interest rate unchanged for the third consecutive time.
The decision was announced on Thursday following the 132nd meeting of the Monetary Policy Committee (MPC) held at the Bank Square in Accra.
According to the Monetary Policy Committee, the decision to keep the policy rate unchanged was driven by resilient domestic economic activity, easing underlying inflationary pressures and strong performance in Ghana’s external sector.
The Committee, however, noted that the decision was taken against the backdrop of continued uncertainty in the global economy.
Ghana Economy Shows Resilience
The Bank of Ghana said economic activity remained resilient during the first half of 2026, supported by improved credit conditions and increased lending to the private sector.
The central bank also pointed to positive business and consumer confidence as factors supporting economic activity and strengthening Ghana’s economic outlook.
According to the MPC, the combination of improved access to credit, increased private sector financing and stronger economic sentiment has helped sustain growth while inflationary pressures continue to ease.
Inflation and Interest Rate Outlook
The MPC said the balance of risks surrounding inflation and economic growth remained broadly balanced.
Following its assessment of current economic conditions, the Committee unanimously agreed to maintain the Bank of Ghana policy rate at 14.0 percent.
The decision means the benchmark interest rate remains unchanged as the central bank continues to monitor inflation, economic growth, credit conditions, exchange rate developments and global economic risks.
The latest decision is expected to remain closely watched by businesses, investors, commercial banks and consumers as Ghana continues to navigate its economic recovery and efforts to maintain price stability.
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Source: newsthemegh.com