Bank of Ghana holds policy rate at 14% after MPC meeting on Sept 24, 2026

On September 24, 2026 the Bank of Ghana's Monetary Policy Committee unanimously decided to maintain the policy (monetary) rate at 14.0%, marking the third consecutive hold this year and keeping the central bank's stance on pause amid balanced risks to inflation and growth.

Keeping the policy rate at 14% preserves relatively high local-currency yields and supports cedi stability, delaying interest-rate-driven relief for short-dated sovereign and corporate issuers. Markets will watch FX pass-through, reserve trajectories and credit growth — any deterioration could force future tightening, while steadier reserves and easing core inflation would allow eventual rate cuts and lower domestic funding costs.

Next MPC meeting scheduled for November 16–18, 2026 (decision expected Nov 18, 2026).