The Bank of Ghana (BoG) has maintained its benchmark interest rate at 14 per cent following the conclusion of the 131st Monetary Policy Committee meeting on Wednesday, July 22, 2026.
The Monetary Policy Committee (MPC) cited the need to keep inflation on course towards the medium-term target while safeguarding the country's economic recovery.
In reaching its decision, the MPC weighed heightened geopolitical tensions, rising crude oil prices and persistent global inflationary risks against Ghana's resilient macroeconomic fundamentals.
Announcing the outcome of the committee's 131st meeting, BoG Governor Dr Johnson Pandit Asiama said robust first-quarter economic growth, improving private sector credit, stronger external sector performance and inflation remaining below the lower bound of the target band supported the decision to leave the benchmark rate unchanged.
"The committee, by a unanimous decision, maintained the monetary policy rate at 14.0 per cent," he said.