MPC keeps policy rate at 14%, cites inflation risks due to Middle East tensions

Johnson AsiamaThe Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has unanimously decided to maintain the Monetary Policy Rate (MPR) at 14 percent, citing rising external risks to inflation despite continued strength in the domestic economy."Given these considerations, the Committee, by a unanimous decision, maintained the Monetary Policy Rate at 14 percent," the Governor announced.

The Committee noted that its July inflation forecast remains largely unchanged from the previous MPC round, with headline inflation expected to rise gradually back into the target range over the coming months.