Bank of Ghana holds policy rate at 14% in unanimous vote

Policymakers cite stable first-quarter activity as they maintain the benchmark, keeping borrowing costs elevated to anchor inflation expectations.

By Handelsavisen Newsroom · Automated 2026-07-29 06:47 UTC · 1 min read

The Bank of Ghana has kept its benchmark policy rate unchanged at 14%, with all six members of the Monetary Policy Committee voting in favor of the decision.

The central bank pointed to stable economic activity in the first quarter of 2026 as a key factor in maintaining the current stance, signaling a preference for steady monetary conditions rather than immediate easing.

The unanimous vote underscores the committee's consensus on the current economic trajectory.

By holding rates steady, the Bank of Ghana aims to balance support for growth with the need to keep inflation anchored.

The decision reflects a cautious approach as policymakers assess the durability of recent economic stability.

This move comes as global central banks navigate divergent paths.