All six members of MPC voted to keep policy rate at 14%

All six members of the Monetary Policy Committee (MPC) of the Bank of Ghana voted to keep the policy rate at 14%.

The MPC kept the policy rate at 14% in its recent meeting, citing uncertainty in the inflation outlook and the Middle East war.

For instance, one member on the committee noted that the recent uptick in headline and core inflation, alongside elevated external risks and rising inflation expectations, calls for a cautious policy approach.