Dr. Johnson Asiama, Governor of the Bank of Ghana, reported that Ghana's economy expanded by 6.4 percent in the first quarter, with real private sector credit accelerating to 34.1 percent and the banking sector remaining well-capitalised, though elevated non-performing loans continue to pose risks.
20 July 2026 · Joy Online →
The Bank of Ghana Governor warned that renewed Middle East tensions and rising global oil prices could heighten inflation risks for Ghana, noting that Brent crude has climbed above 85 dollars per barrel. He stressed that as a commodity exporter relying on energy imports, Ghana faces particular vulnerability to external cost pressures and volatility in global oil markets.
20 July 2026 · Joy Online →
The Bank of Ghana Governor says the country's prolonged disinflation has ended, with headline inflation rising for three consecutive months from 3.2 percent in March to 5.3 percent in June, largely driven by transport and haulage costs. The Monetary Policy Committee is assessing whether this rise represents a temporary return to the central bank's target band or signals a more persistent inflationary trend.
20 July 2026 · Joy Online →
Bank of Ghana Governor Dr. Johnson Asiama has warned that rising transport and haulage costs, combined with potential increases in transport fares and utility tariffs, could intensify inflationary pressures. Headline inflation has risen for three consecutive months from 3.2% in March to 5.3% in June 2026, driven largely by transport and haulage prices.
20 July 2026 · Joy Online →
The Monetary Policy Committee begins a three-day meeting to assess economic developments, with inflation, cedi stability, and global tensions expected to dominate. The policy rate currently stands at 14%, and analysts expect the Committee may adopt a cautious "wait-and-see" approach rather than easing monetary policy, given renewed external risks from Middle East tensions and rising crude oil prices.
20 July 2026 · Joy Online →