The Financial institution of Ghana maintained the coverage rate of interest at 14.0% following the one hundred and thirtieth Financial Coverage Committee (MPC) assembly held on Might 20, 2026.
In accordance with the central financial institution, the headline inflation price in April 2026 rose barely to three.4% from 3.2% in March, marking the primary improve since December 2024.
In accordance with MPC, the worldwide financial state of affairs from March 2026 onwards is affected by ongoing geopolitical tensions within the Center East.
The Worldwide Financial Fund has reduce its world progress forecast for 2026 from 3.3% to three.1% as rising vitality and meals costs improve world inflationary pressures.
Domestically, the central financial institution mentioned financial exercise strengthened within the first quarter of 2026, with the composite index of financial exercise increasing by 12.6% year-on-year in March 2026, in contrast with 2.3% in March 2025.
The World Financial institution additionally reported that non-public sector credit score progress nominally elevated from 19.9% in April 2025 to twenty-eight.7% in April 2026, whereas common lending charges declined from 27.4% to 16.3%.
It additionally identified that the efficiency of the banking sector has improved considerably, with complete property rising by 26.6% year-on-year to CHF493.9 billion in April 2026, supported by deposits, home borrowings and shareholder funds.
The MPC mentioned provisional fiscal information for January to March 2026 displays spending restraint measures amid income shortfalls.
Gross worldwide reserves elevated from USD 13.8 billion in December 2025 to USD 14.4 billion as of Might 18, 2026, equal to five.7 months of import cowl.
The financial institution additionally revealed that the cedi depreciated by 8.4% towards the US greenback by Might 15, 2026, primarily as a consequence of demand from the vitality sector and dividend funds by some company entities.
As well as, the Fee introduced that the dynamic money reserve ratio will probably be revised to a flat 20 p.c denominated in native forex from June 4, 2026.
The following MPC assembly is scheduled for July 22, 2026.
