Ghana news briefing
BoG affirms 8 ± 2% inflation target
According to its July 2026 Monetary Policy Report (MPR), the Central Bank said this will be influenced by the upward revisions in utility tariffs, re-escalation of geopolitical tensions in the Middle East, and the potential impacts of heavy rains on the food supply chain present upside risks to the inflation outlook.
In taking the monetary policy decision, the MPC noted that the renewed Middle East conflict and associated disruption of trade routes had re-ignited volatility in energy markets.
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