The Bank of Ghana (BoG) has commenced its 132nd Monetary Policy Committee (MPC) meeting as the central bank reviews key economic developments and considers the appropriate monetary policy stance for the economy.
The meeting began on Wednesday, September 23, 2026, with Governor Dr Johnson Pandit Asiama welcoming members and staff to the deliberations.
It is the first MPC meeting under Ghana’s 36-month Policy Coordination Instrument (PCI) with the International Monetary Fund (IMF), marking a new phase in the country’s efforts to consolidate macroeconomic stability.
In his opening remarks, Dr Asiama highlighted a number of global and domestic economic developments that will inform the Committee’s deliberations.
These include the evolving crisis in the Middle East, rising global energy prices, Ghana’s inflation trajectory, exchange-rate stability, reserve accumulation, economic growth and fiscal developments.
The Committee will also assess the balance of risks facing the economy as it determines the appropriate direction of monetary policy.
Ghana’s headline inflation stood at 5.0 percent in August 2026, while the economy recorded 6.0 percent real GDP growth in the second quarter, providing key indicators for the MPC’s assessment.
Dr Asiama further identified the rebuilding of net foreign assets and strengthening the country’s international reserves as key priorities as Ghana enters the fourth quarter of the year.
The 132nd MPC meeting is currently underway, with the Committee expected to review the latest economic data and developments before announcing its decision on the monetary policy stance.
