Bank of Ghana weighs next policy move as MPC convenes

Ghana’s Monetary Policy Committee opened its first meeting of 2026 with inflation at 5.4 percent, a stable currency and stronger external buffers, setting the stage for further easing.

Bank of Ghana Governor, Dr Johnson Pandit Asiama said the challenge was no longer stabilisation but ensuring recent gains prove durable under scrutiny.

Gross international reserves have risen to more than GH¢13.8 billion, equivalent to 5.7 months of import cover, supported by a current account surplus.

With inflation expectations anchored and real interest rates still high, the committee is widely expected to cut the policy rate by 100 to 150 basis points, signalling a shift from rapid easing to cautious recalibration.