{
  "id": 9567950,
  "title": "MPC maintains policy rate at 14% for third consecutive meeting amid inflation risks",
  "url": "https://urgent.news/2026/09/24/mpc-maintains-policy-rate-at-14-for-third-consecutive-meeting-amid-9567950",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T14:46:01.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/mpc-maintains-policy-rate-at-14-for-third-consecutive-meeting-amid-inflation-risks/"
  },
  "original_language": "en",
  "account": "The Bank of Ghana’s Monetary Policy Committee (MPC) has kept the policy rate at 14% for the third consecutive meeting, citing a balanced outlook for inflation and economic growth. This unanimous decision was made despite global inflationary pressures, higher crude oil prices, geopolitical tensions, and supply chain disruptions.\nBank Governor Dr Johnson Asiama highlighted the resilience of the domestic economy and the moderation in underlying inflationary pressures as factors influencing the decision. The policy rate remained at 14.0 percent, as headline inflation rose to 5% in August 2026 from 4.6% in July. The increase was mainly due to non-food inflation, which reached 6.8% from 6.1%, largely because of utility tariff adjustments and rising crude oil prices.\nDespite the rise, broad inflation expectations and core inflation measures declined, suggesting a moderation in the underlying inflation. The core inflation measure, excluding energy and utility prices, eased to 4.2% in August from 4.3% in July. The Governor warned of several upside risks to the inflation outlook, including further utility tariff hikes, increasing petroleum prices affecting transport fares, a stronger US dollar, and potential global supply chain disruptions. Conversely, continued fiscal consolidation, improved food supply conditions, and exchange rate stability offered offsetting downside risks. Economic activity remained robust during the first half of 2026, with the real GDP growth at 6% in the second quarter, driven by the services and industry sectors. Private-sector credit growth surged to 35.5% in August, and the average lending rate decreased to 15.9% from 24.2% a year earlier, indicating eased financing conditions. However, the Bank cautioned that global developments, specifically elevated crude oil prices, geopolitical tensions, and tighter global financial conditions, could pose risks to Ghana’s economic outlook.",
  "summary": "The Bank of Ghana’s Monetary Policy Committee (MPC) has maintained the policy rate at 14% for the third consecutive meeting, citing a broadly balanced outlook for inflation and economic growth. The decision was taken unanimously at the Committee’s latest meeting, despite renewed global inflationary pressures and risks from higher crude oil prices, geopolitical tensions and […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "MPC maintains policy rate at 14% for third consecutive meeting amid inflation risks",
        "url": "https://urgent.news/2026/09/24/mpc-maintains-policy-rate-at-14-for-third-consecutive-meeting-amid",
        "published": "2026-09-24T14:46:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}