The Bank of Ghana (BoG) has maintained its key policy rate at 14%, while warning that rising crude oil prices and other cost pressures could create fresh challenges for inflation.
The decision was taken by the Monetary Policy Committee at its latest meeting, with the central bank noting that Ghana’s economy continues to show resilience and that business and consumer confidence has improved.
However, the committee highlighted higher global oil prices, utility tariff adjustments and disruptions to international supply chains as factors that could put upward pressure on prices in the coming months.
The BoG said headline inflation stood at 5% in August 2026, while Ghana recorded 6% real GDP growth in the second quarter, according to figures presented by Governor Dr Johnson Asiama.
The central bank says it will continue monitoring developments and assess their possible impact on inflation and economic growth before taking further policy decisions.
Source: GhanaNsem
