The Bank of Ghana is reviewing whether the uniform 20 percent Cash Reserve Ratio requirement introduced in May has improved alignment between short-term market rates and the policy rate, after the Monetary Policy Committee observed persistent stickiness in the interbank rate at the lower end of the policy corridor.
21 July 2026 · Joy Online →
The Bank of Ghana Governor says the Monetary Policy Committee will focus on recent inflation growth, which rose from 3.2% in March to 5.3% in June, driven largely by transport and haulage costs. He noted that while inflation remains below the target band of 6–10%, the committee must assess whether the rebound reflects temporary factors or signals a sustained trend.
21 July 2026 · The Ghanaian Times →
The Governor of the Bank of Ghana has said the recent rise in inflation—which climbed from 3.2 per cent in March to 5.3 per cent in June—will dominate the Monetary Policy Committee's deliberations, as the committee assesses whether the increase reflects temporary factors or a sustained trend.
21 July 2026 · The Ghanaian Times →
The Governor of the Bank of Ghana announced that the central bank has ceased pre-financing gold purchases by GoldBod through its auction arrangement, effective July 1. The decision marks a shift in domestic liquidity management and will be assessed by the Monetary Policy Committee as it reviews the appropriate policy stance.
21 July 2026 · The Ghanaian Times →
The Bank of Ghana has ceased pre-financing gold purchases by GoldBod through its auction arrangement, effective July 1. The central bank says the move marks a significant shift in domestic liquidity management and will be assessed by the Monetary Policy Committee as it reviews monetary policy stance.
21 July 2026 · The Ghanaian Times →
The Bank of Ghana's Monetary Policy Committee will examine inflation risks, liquidity conditions, monetary policy transmission, and global oil market volatility at its 131st meeting. The committee will assess whether the current policy framework remains appropriate and review the effectiveness of reforms to the cash reserve ratio framework amid external commodity pressures and potential domestic tariff increases.
21 July 2026 · Joy Online →
The Bank of Ghana's Monetary Policy Committee will examine inflation risks, liquidity conditions, monetary policy transmission, and global oil market volatility at its 131st meeting, assessing whether the current policy framework remains appropriate amid changing domestic and global conditions.
21 July 2026 · Joy Online →