Business News of Wednesday, 20 May 2026

Source: www.ghanaweb.com

LIVESTREAMED: Bank of Ghana holds 130th MPC press briefing

Bank of Ghana headquarters play videoBank of Ghana headquarters

The Bank of Ghana is currently holding its 130th Monetary Policy Committee (MPC) press briefing to announce key decisions on interest rates and provide an update on Ghana’s economic outlook.

The briefing follows the Committee’s third meeting of 2026, during which members reviewed major economic indicators, including inflation trends, exchange rate stability, fiscal developments, and growth prospects.

At its previous meeting in March this year, the MPC reduced the policy rate by 150 basis points, lowering it from 15.5 percent to 14.0 percent. The move formed part of the central bank’s gradual shift toward easing monetary conditions after a prolonged period of tight policy aimed at bringing inflation under control.

According to the Bank of Ghana, the decision reflected a cautious but supportive monetary policy stance designed to anchor inflation expectations while creating room for lower borrowing costs and stronger economic activity.

Dr Johnson Pandit Asiama is expected to brief the media on the Committee’s latest policy direction and outline its implications for inflation, interest rates, and the broader economic recovery.