Also known as: MPC · Monetary Policy Committee of the BoG · 130th Monetary Policy Committee meeting
Monetary Policy Committee — Bank of Ghana decision-making body that sets the policy rate and assesses inflation, growth, and external risks.
Verbatim sentences from the source article.
Business & Financial Times
… Speaking at a post-Monetary Policy Committee engagement with chief executives of banks in Accra, Dr. …
BoG eyes investment-linked remittance productsJoy Online
… The Governor noted that “clearly, the outlook has now changed, and we are monitoring events in the coming days and weeks until the next meeting of the Monetary Policy Committee.” Dr. …
New developments in Middle East will broadly influence Ghana’s inflation outlook – BoG GovernorBusiness & Financial Times
… The data present a more complex backdrop for BoG ahead of its next Monetary Policy Committee (MPC) meeting in July. …
Rate-cut window narrows on inflation pressuresJoy Online
… The development could force the Monetary Policy Committee to increase its policy rate at the next meeting.
We have built required reserves to withstand oil price shocks – BoG GovernorJoy Online
… Speaking at the 130th Monetary Policy Committee press briefing, Governor Dr Johnson Asiama said the Bank had adequate currency buffers to support the market and described the current pressures on the cedi as temporary. …
BoG boosts June market support to $1.2bn as cedi faces renewed pressureBusiness & Financial Times
… Asante-Asiedu acknowledged that given the sharp decline in inflation, the Monetary Policy Committee might ordinarily have reduced rates further. …
Economy out of the valley, not yet on the plateauJoy Online
… Impact If this forecast is anything to go by, it could influence members of the Monetary Policy Committee to vote for a policy rate hike or maintain the rate at its current level during their next meeting, scheduled for July 20 to 22, 2026. …
BoG fears inflation could inch above 10% by year-end due to rising crude pricesJoy Online
… He noted that one of the first major decisions taken by the Monetary Policy Committee was to increase the policy rate to curb inflationary pressures and restore confidence in the economy. …
BoG’s consultative approach helping shape economic recovery – GovernorBusiness & Financial Times
… The 130th Monetary Policy Committee meeting, which concluded on May 20, maintained the policy rate at 14 percent. …
Real interest rate gap widest among single-digit inflation economies in AfricaJoy Online
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%. …
All 6 MPC members voted for policy rate hold of 14%, citing inflation outlook concernsBank of Ghana Governor Dr Johnson Asiama said the Monetary Policy Committee's decisions are guided by assessment of inflation's direction and risks to the outlook. He noted that recent Middle East developments influenced the committee's decision to maintain the policy rate to prevent end-of-year inflation rise.
19 August 2026 · Joy Online →
Bank of Ghana Governor Dr Johnson Asiama said the Monetary Policy Committee's decisions are guided by assessment of inflation's direction and risks to the outlook. He noted that recent Middle East developments influenced the committee's decision to maintain the policy rate to prevent end-of-year inflation rise.
19 August 2026 · Joy Online →
Ghana has secured macroeconomic gains with GDP growth beating projections, eased price pressures, strengthened fiscal metrics, and expanding private credit alongside lower interest rates. The country's challenge has shifted from escaping instability to making stability productive.
17 August 2026 · Joy Online →
The Bank of Ghana is intensifying efforts to remove unlicensed digital lenders from the financial sector, with plans to publish a weekly list of operators providing digital credit services without central bank approval. The Governor said the measure aims to strengthen oversight, prevent unlicensed operators from providing credit, and protect consumers.
13 August 2026 · Joy Online →
The Governor of the Bank of Ghana told business leaders in Sunyani that the economy remains on a stable growth path, citing low inflation, stronger economic growth, improved banking sector performance and resilient external reserves. The Monetary Policy Committee maintained the Monetary Policy Rate at 14 percent after assessing domestic and global economic conditions.
7 August 2026 · The Chronicle →
Bank of Ghana Governor Dr Johnson Asiama assured businesses and the public that the central bank has adequate reserves to stabilise the cedi, with gross international reserves currently at US$12.9 billion sufficient to cover import needs for about five months. He attributed recent pressure on the cedi to global developments including the Middle East conflict, but said the currency has since recovered and the bank remains committed to maintaining a well-functioning foreign exchange market.
6 August 2026 · Joy Online →
CAL Asset Management's CAL Advantage Balanced Unit Trust generated a net annual return of 32.16% in 2025, with assets under management more than doubling to GH¢28.64 million, bolstered by Ghana's improving macroeconomic conditions, easing inflation, and stronger cedi. The fund benefited from equity gains on the Ghana Stock Exchange and strategic investments in companies including MTN Ghana, Ecobank Ghana, and GCB Bank.
30 July 2026 · Joy Online →
All six voting members of the Bank of Ghana's Monetary Policy Committee voted to keep the policy rate at 14%, citing concerns about inflation outlook despite improved economic indicators. The committee adopted a "wait and see" approach due to recent upticks in headline and core inflation, elevated external risks, and rising inflation expectations.
29 July 2026 · Joy Online →
The Bank of Ghana's Governor and all six Monetary Policy Committee members voted unanimously to keep the policy rate at 14%, citing concerns about inflation outlook and downside risks despite improved economic indicators. The committee adopted a cautious approach, citing uncertainty in inflation outlook and the Middle East war.
29 July 2026 · Joy Online →
Students from the University of Ghana's Department of Economics participated in the Bank of Ghana's 131st Monetary Policy Committee meeting as part of a new "Monetary Policy Committee Educational Observership Programme" designed to help students understand how monetary policy decisions are made and bridge the gap between economic theory and policy formulation.
23 July 2026 · Daily Guide →
The Governor of the Bank of Ghana has endorsed COCOBOD's transition from syndicated offshore loans to local market financing, saying the move will reduce liquidity injections into the domestic economy and strengthen monetary policy management.
23 July 2026 · The Chronicle →
The Bank of Ghana and Ghana Gold Board are finalising a new financing arrangement for the country's gold purchasing programme to reduce pressure on the central bank's balance sheet. BoG Governor Dr. Johnson Pandit Asiama said options under discussion include government full funding or market funding, with a decision to be announced soon.
22 July 2026 · Joy Online →
The Governor of the Bank of Ghana has endorsed COCOBOD's decision to replace syndicated loans with local market financing, saying it is a more sustainable approach that mobilises funds domestically to finance cocoa purchases and avoids the capital constraints that limit bank lending due to regulatory requirements.
22 July 2026 · Joy Online →
The Bank of Ghana's Board has approved the sale of its residual 13 percent stake in the Agricultural Development Bank, expected to be completed later this year, and also intends to exit its remaining approximately 1 percent stake in the National Investment Bank. The Governor stated the divestments aim to eliminate any perception of conflict between the BoG's ownership interests and its supervisory responsibilities.
22 July 2026 · Joy Online →
The Governor of the Bank of Ghana assured the public that the country's foreign exchange reserves remain strong and not at risk of depletion, despite a decline to US$12.9 billion at the end of June 2026 from US$13.8 billion at the end of December 2025, driven largely by higher energy-related payments caused by Middle East tensions.
22 July 2026 · Joy Online →
The Monetary Policy Committee unanimously maintained the Monetary Policy Rate at 14 percent, citing rising external inflation risks from Middle East tensions and crude oil price increases, though headline inflation has moved closer to the lower bound of its medium-term target and the domestic economy remains resilient.
22 July 2026 · Joy Online →
The Bank of Ghana Governor announced that Ghana's prolonged period of falling inflation has ended, with headline inflation rising to 5.3 percent in June from 3.2 percent in March, driven mainly by higher transport and haulage costs. Despite the increase, inflation remains below the Central Bank's medium-term target band of 8 percent plus or minus two percentage points, and the economy expanded 6.4 percent in the first quarter of 2026.
22 July 2026 · The Chronicle →
The Bank of Ghana launched the Monetary Policy Committee Educational Observership Programme, allowing selected University of Ghana students to observe the central bank's monetary policy deliberations firsthand during the 131st MPC meetings. The initiative aims to demystify monetary policy and strengthen public confidence in the Bank's work.
22 July 2026 · The Chronicle →
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 →
The Bank of Ghana has introduced the MPC Educational Observership Programme to give university students direct exposure to the Monetary Policy Committee's work, starting with students from the University of Ghana observing the 131st MPC meeting. The initiative aims to make policy rate-setting more transparent and understandable while strengthening links between academia and policy institutions.
21 July 2026 · Joy Online →
The Bank of Ghana has introduced the MPC Educational Observership Programme to give university students direct exposure to the Monetary Policy Committee's work, with the first cohort from the University of Ghana attending parts of the 131st MPC meeting. The initiative aims to make the central bank's policy rate-setting more transparent and understandable, strengthen policy credibility, and build links between academia and policy institutions.
21 July 2026 · Joy Online →
Bank of Ghana Governor Dr Johnson Pandit Asiama said the Ghana cedi has remained broadly stable against major international trading currencies despite global economic uncertainties, citing improved macroeconomic fundamentals and recent policy measures. He told the 131st Monetary Policy Committee meeting that the committee would evaluate current developments to ensure its policy stance remained appropriate.
20 July 2026 · Joy Online →
The Bank of Ghana Governor has opened the 131st Monetary Policy Committee meeting, calling for evidence-based policy decisions as the committee assesses inflation trends, the impact of May's monetary reforms, and external economic risks. The BoG also launched a new educational observership programme for university students.
20 July 2026 · Joy Online →
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 →