The Bank of Ghana has kept its Monetary Policy Rate unchanged at 14%, pointing to growing external risks and renewed inflation concerns despite continued signs of improvement in the local economy.
The announcement was made following the conclusion of the Central Bank’s 130th Monetary Policy Committee (MPC) meeting held in Accra on Wednesday, May 20, 2026.
Speaking to journalists after the meeting, the Bank indicated that recent macroeconomic data showed improving economic conditions, including slowing inflation, relative stability in the exchange rate, and stronger fiscal performance.
Despite these positive developments, the Committee cautioned that the global economic environment remains uncertain, with external factors continuing to pose possible threats to Ghana’s inflation outlook and broader economic recovery.
According to the MPC, the decision to retain the policy rate at 14% is aimed at preserving the progress achieved in stabilising the economy while giving the Central Bank room to monitor both domestic and international risks as they evolve.