Accra: The Bank of Ghana has maintained its Monetary Policy Rate (MPR) at 14 percent following its 130th Monetary Policy Committee (MPC) meeting, held in Accra from May 18 to 20, 2026. The decision was announced at the end of the meeting on Wednesday, May 20, 2026, in Accra.
According to Ghana Web, Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, informed journalists that recent macroeconomic indicators show continued improvement in the domestic economy. This includes easing inflation pressures, relative stability of the exchange rate, and stronger fiscal performance.
However, the MPC noted that external conditions remain uncertain, with global economic developments posing potential risks to Ghana's inflation outlook and overall recovery. The Central Bank MPC emphasized that the decision to maintain the policy rate at 14 percent is intended to consolidate macroeconomic stability while allowing room to closely monitor both domestic and external risks.
The policy rate is crucial as it guides the interest rates at which banks extend credit to businesses and households, serving as a significant tool for managing inflation, investment, and overall economic activity.