The Bank of Ghana’s Monetary Policy Committee (MPC) today commenced its 125th regular meeting to assess the country’s economic outlook and guide policy decisions, with inflation, exchange rates, and financial sector stability topping the agenda.
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The three-day session will evaluate key macroeconomic indicators and determine whether the 28% policy rate should be maintained or adjusted.
At its last meeting, the Committee held the policy rate unchanged, citing ongoing inflation risks despite improved macroeconomic indicators. Governor Dr. Johnson Asiama described the move as “cautious,” aimed at preserving economic stability.
The meeting follows an emergency session held on July 17, during which the MPC noted a rebound in investor confidence and stronger external reserves.
Analysts are now watching closely for signs of a policy shift as pressure mounts to support credit growth and economic expansion.
The MPC is expected to announce its decision at a press briefing on Wednesday, July 30, where it will also provide insight into Ghana’s short- to medium-term monetary and fiscal trajectory.
The Monetary Policy Rate (MPR) is a benchmark tool that influences borrowing costs across the banking sector and plays a pivotal role in controlling inflation and promoting economic stability.
