Ghana Keeps Monetary Policy Rate Unchanged Amid Global Uncertainties and Inflation Risks

The Bank of Ghana (BoG) kept the Monetary Policy Rate (MPR) at 14% during its latest meeting, with the Comité de Política Monetária (MPC). This decision comes amidst global uncertainties that are impacting the world economy, and particularly emerging economies like Ghana. The inflationary pressures, driven by rising fuel and utility prices, also played a significant role in this decision-making process. By maintaining stability in light of external volatility while preparing to tackle emerging inflationary challenges, the MPC is aiming for a balanced approach.