General News
BANK OF GHANA MONETARY POLICY COMMITTEE PRESS RELEASE 24 September 2026
The Monetary Policy Committee (MPC) held its 132nd regular meeting from 23 to 24 September 2026 to review recent economic developments and assess risks to the outlook for inflation and economic growth.
This statement summarises the key discussions and the Committee’s decision on the Monetary Policy Rate.
Global economic activity remained resilient during the first half of 2026, despite persistent geopolitical tensions and heightened uncertainty.
The resilience was supported mainly by strong investment in artificial intelligence and the less severe impact of energy shocks than earlier anticipated.
Against this backdrop, the IMF global growth projection for 2026 has remained largely unchanged at 3.0 percent.
However, the tendency for geopolitical tensions to reignite or intensify could weaken global growth prospects in the medium-term.
Global inflationary pressures have heightened significantly since the last MPC meeting, driven largely by elevated energy costs with crude oil prices, currently slightly above US$100 per barrel.