All six members of the Financial institution of Ghana’s Financial Coverage Committee (MPC) voted to maintain the coverage price unchanged at 14%.
This was after the 2 sides met from Might 18 to Might 20, 2026 to evaluation financial tendencies over the previous two months.
Of their submissions, all members additionally expressed concern about developments within the Center East and their impression on Ghana’s inflation outlook.
That is the primary time everybody has voted in the correct course.
Nonetheless, some members feared that if the present state of affairs didn’t finish quickly, Ghana’s inflation price would proceed to rise within the coming months and will exceed the ten% threshold by the top of this 12 months.
For that reason, some members initially determined to undertake a “wait-and-see” stance, leaving financial coverage charges unchanged and doubtlessly reacting later.
These issues are mirrored within the Financial Coverage Committee’s determination report by way of submissions from members.
One other member of the Financial Coverage Committee voted in favor of retaining rates of interest on maintain, arguing that utility charges may rise within the coming months, transport prices and even Ghana’s import prices may rise.
A cautious studying of the submissions made by members of the committee reveals that though they consider Ghana’s financial system is at the moment in a powerful place, they’re involved in regards to the prospects if the state of affairs within the Center East doesn’t finish quickly.
The Financial institution of Ghana’s Financial Coverage Committee consists of seven members. Dr. Johnson Asiamah, Governor of the Financial institution of Ghana, will chair the committee.
Nonetheless, the Governor doesn’t vote on these financial coverage committees till there’s a tie. He then solid what some described as a “decisive vote.”
