Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
All six members of the Monetary Policy Committee (MPC) of the Bank of Ghana voted for the policy rate to be kept unchanged at 14%.
This was after they met from May 18 to 20, 2026, to review developments in the economy over the past two months.
All the members in their submissions also raised concerns about developments in the Middle East and its impact on Ghana’s inflation outlook.
This is the first time all of them voted in the right direction.
However, some of the members were worried that Ghana’s inflation could continue to go up in the coming months to reach above the “10% mark” by the end of this year, if current developments do not end soon.
This was why some of the members decided to adopt “the wait and see attitude” first, by holding the monetary policy rate and possibly react later.
These concerns were captured in the Monetary Policy Committee Decision Report, in terms of the submissions made by the members.
Source: newsthemegh.com