Bank of Ghana opens 132nd MPC (Sept 23–24, 2026) focused on inflation, cedi and reserves

On September 23, 2026 the Bank of Ghana opened its 132nd Monetary Policy Committee meeting (Sept 23–24) to review inflation, exchange-rate developments, reserve accumulation and growth. It is the first MPC under Ghana’s new 36‑month IMF Policy Coordination Instrument, heightening focus on monetary and external stability.

Any MPC tightening bias, operational FX measures or shifts in liquidity management would directly push up short-term domestic yields and tighten cedi liquidity. Those changes can transmit to Ghana’s external borrowing costs and Eurobond spreads via reserve buffers, investor confidence and foreign-exchange liquidity channels; the extent depends on the Committee’s final guidance and market reaction.

Bank of Ghana to publish the MPC decision statement (MPC Decision Statement – September 2026) following deliberations — check Sept 29, 2026 posting.