… Databank Research said it expects the secondary bond market activity to remain selective, ahead of the 20th May Monetary Policy Committee announcement of developments in the Ghanaian economy as investors await clearer policy guidance.
Bond market: Turnover falls 67.70% to GH¢404.41mGhana Minute.
Wednesday, 20 May 2026
Ghana’s news, on the hour · Est. 2026
Wednesday, 20 May 2026
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Ghanaian press · Organization
Monetary Policy Committee
Also known as: MPC
Bank of Ghana's decision-making body on monetary policy and interest rates, meeting to address inflation and credit expansion risks amid Middle East geopolitical tensions.
In coverage
Verbatim sentences from the source article.
- May 2026
… Opening the 130th Monetary Policy Committee (MPC) meeting in Accra on Monday, he said although the economy remained resilient, inflation had recorded its first increase since December 2025. …
BoG Governor flags reserve, energy risks as MPC opens 130th meeting… Opening the 130th Monetary Policy Committee meeting, the governor of the central bank, Dr Johnson Pandit Asiama said the domestic economy had continued to improve since the committee’s last meeting in March, supported by sustained reforms, lower inflation and improving investor s …
BoG weighs policy realignment as inflation risks re-emerge… Opening the 130th Monetary Policy Committee meeting, Governor, Dr. Johnson Pandit Asiama said policymakers would assess whether current monetary conditions are adequately influencing lending rates and credit expansion across the economy. …
Banks face pressure to expand lending… Speaking at the opening of the 130th Monetary Policy Committee (MPC) meeting in Accra on Monday, Dr. …
BoG Warns Of Rising Inflation Risks As Middle East Crisis Deepens… He disclosed this at the opening of the Monetary Policy Committee Meeting today May 18, 2026, at the Bank Square. …
Current account surplus: quarter one 2026 exceeds 2025 period by US$652mThe Monetary Policy Committee (MPC) of the Bank of Ghana has commenced the 130th meeting to consider the health of the economy and also make a decision on the policy rate, which currently stands at 14.0 percent. …
MPC opens 130th meeting to review Ghana’s economy… He disclosed this at the opening of 130th Monetary Policy Committee Meeting. The Governor noted that despite these gains, early signs point to re-acceleration of headline inflation in several advanced and emerging market economies, prompting several central banks that had commenc …
Ghana’s economy still resilient despite difficult external environment- BoG… Opening the 130th Monetary Policy Committee meeting, Governor of the central bank, Dr. …
BoG confronts fragile balance between stability and growth… Analysts expect the secondary market activity to remain concentrated in the front-to-belly segment of the curve. “Looking ahead, market positioning is expected to remain cautious ahead of the 20 May 2026 MPC [Monetary Policy Committee] meeting, where we expect the Bank of Ghana t …
Bond market: Turnover falls by 46% to GH¢1.25bn
Business
Bond market turnover drops 67.7% to GH¢404.41 million
The News
Secondary bond market activity fell sharply week-on-week, with aggregate turnover declining to GH¢404.41 million, concentrated in 2027-2030 maturities at 11.05% weighted-average yield. Databank Research expects activity to remain selective ahead of the 20 May Monetary Policy Committee announcement.
19 hours ago · Joy Online →
Yesterday
Bond market turnover drops 67.7% to GH¢404.41 million
Secondary bond market activity fell sharply week-on-week, with aggregate turnover declining to GH¢404.41 million, concentrated in 2027-2030 maturities at 11.05% weighted-average yield. Databank Research expects activity to remain selective ahead of the 20 May Monetary Policy Committee announcement.
19 hours ago · Joy Online →
BoG Governor warns of inflation and reserve risks amid Middle East conflict
Ghana's Bank of Ghana Governor Dr Johnson Asiama has flagged renewed pressure on the country's foreign exchange reserves and inflation outlook due to rising global energy prices from the Middle East conflict. He attributed inflation's first increase since December 2025 to domestic energy supply disruptions and external commodity price pressures, warning that these risks could undermine inflation expectations if not addressed.
19 May 2026 · Joy Online →
Bank of Ghana to reassess monetary policy amid inflation risks
The Bank of Ghana has signalled it may reassess the country's interest rate and monetary policy framework as renewed inflation risks from the prolonged Middle East conflict threaten macroeconomic gains, with the central bank governor warning that rising global energy prices and worsening external conditions are introducing new risks to inflation and growth.
19 May 2026 · Business & Financial Times →
Bank of Ghana raises concerns over monetary policy transmission
The Bank of Ghana has flagged weak credit transmission as an emerging challenge for economic recovery, with Governor Dr. Johnson Pandit Asiama questioning whether current monetary conditions are effectively supporting private sector lending and credit expansion. Banking sector data shows private sector credit continues to expand, but banks remain heavily concentrated in short-term government securities, with bills comprising 65.0 percent of investment portfolios in February 2026, up from 44.5 percent a year earlier.
19 May 2026 · Business & Financial Times →
Bank of Ghana flags Middle East conflict inflation threat
The Bank of Ghana Governor warns that the escalating Middle East conflict and rising global energy prices pose the biggest threat to Ghana's economic stability, risking inflation pressures that could undermine recent economic recovery. The Strait of Hormuz closure has sustained crude oil price increases, prompting the IMF to downgrade 2026 global growth from 3.3 to 3.1 percent.
19 May 2026 · The Chronicle →
Monday 18 May
Ghana's Q1 current account surplus rises by US$652 million year-on-year
The Bank of Ghana Governor disclosed that Ghana's current account surplus for the first quarter of 2026 exceeded the same period in 2025 by US$652 million, signalling economic evolution and structural changes. He attributed part of this to successful resumption of domestic treasury bond issuance and government bond instruments, which indicate returning investor confidence.
18 May 2026 · Joy Online →
Bank of Ghana MPC begins 130th meeting on policy rate
The Monetary Policy Committee of the Bank of Ghana has opened its 130th meeting to review the economy and decide on the policy rate, which is currently 14.0 percent. Governor Dr. Johnson Asiama has urged the committee to address credit expansion to businesses and warned of Middle East risks and vulnerabilities that could affect economic growth, particularly amid low inflation at 3.4 percent.
18 May 2026 · Joy Online →
BoG Governor says Ghana's economy remains resilient amid external shocks
The Bank of Ghana Governor states that Ghana's economy shows domestic resilience despite a difficult external environment, with an energy price shock from the Middle East conflict now the central risk to the near-term outlook. He noted that re-accelerating headline inflation in advanced and emerging market economies poses transmission risks to Ghana through fuel prices, transportation costs, and import bills.
18 May 2026 · Joy Online →
Bank of Ghana balances inflation control with growth pressures
The Bank of Ghana said policymakers face growing pressure to balance inflation control with economic growth as rising global energy prices threaten recent stabilisation gains. Governor Dr. Johnson Pandit Asiama warned that headline inflation had risen to 3.4 percent in April 2026 and that prolonged Middle East conflict and higher crude oil prices were creating fresh inflation risks.
18 May 2026 · Business & Financial Times →
Tuesday 12 May
Secondary bond market turnover falls 46% to GH¢1.25bn
Secondary bond market aggregate turnover fell 46.60% week-on-week to GH¢1.25 billion, with the 2027-2030 maturity segment accounting for 88.77% of activity at a weighted-average yield of 11.25%. Analysts expect activity to remain concentrated in the front-to-belly segment ahead of the May 2026 MPC meeting, though Fitch's sovereign rating upgrade of Ghana should support investor sentiment.
12 May 2026 · Joy Online →
Wednesday 6 May
Bank of Ghana's liquidity sterilisation costs surge as OMO stock triples
The Bank of Ghana's use of open market operations (OMO) to absorb excess liquidity has made sterilisation its largest expense, with OMO stock reaching GH¢93.56 billion in 2025—nearly tripling in a year. The central bank's aggressive sterilisation has helped anchor inflation and stabilise the currency, but has created mounting quasi-fiscal costs expected to persist through 2026 and 2027, compounded by the legacy effects of the Domestic Debt Exchange Programme.
6 May 2026 · Business & Financial Times →
IMF finds BoG lacks formal macroprudential policy strategy
An IMF technical report reveals the Bank of Ghana has no formal macroprudential policy strategy in place and no separate financial stability committee focused on systemic risks. Macroprudential policy decisions are embedded within the monetary policy process and handled only exceptionally by the Monetary Policy Committee.
6 May 2026 · Joy Online →
Saturday 2 May
Bank of Ghana's inflation fight since 2022 required economic costs
Prof Ebo Turkson, External Member of the Monetary Policy Committee, says Ghana's central bank could not have succeeded in fighting inflation since 2022 without significant economic costs. He argues monetary policy should be assessed on whether it meets its inflation-control mandate rather than whether it avoids costs, noting inflation peaked at 54 per cent in December 2022.
2 May 2026 · Joy Online →
Thursday 30 April
Bank of Ghana expects inflation to return to 8±2% by 2026
The Bank of Ghana's March 2026 Monetary Policy Report projects headline inflation will return to its medium-term target of 8 ± 2%, though geopolitical tensions in the Middle East pose significant upside risks. Inflation stood at 3.2% in March 2026 after 15 consecutive months of decline, with the Monetary Policy Committee noting improved macroeconomic conditions and anchored inflation expectations.
30 April 2026 · Joy Online →