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Bank of Ghana flags rising inflation at 5%, signals caution ahead of MPC decision

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsSep 23, 2026

The Bank of Ghana's Monetary Policy Committee has flagged rising inflation risks as the rate climbs to 5%, signalling caution ahead of its forthcoming policy rate decision. The BoG has separately identified short-term debt financing and government expenditure as key risks to liquidity and the exchange rate, while also noting that global conditions are weighing on the cedi as the US dollar strengthens.

5 sources

BoG weighs on rising inflation risks as inflation climbs to 5% · myjoyonline.com · T3
Inflation, cedi depreciation put BoG’s MPC under pressure as policy rate decision looms · myjoyonline.com · T3
Debt financing, expenditure are key risks to liquidity, exchange rate – BoG · myjoyonline.com · T3
Global pressures weigh on cedi as US dollar strengthens – BoG · myjoyonline.com · T3
BoG flags external-sector pressures ahead of MPC decision · myjoyonline.com · T3

Story timeline · 3 entries

Sep 25, 2026
BoG Holds Rate at 14%
Prof Quartey assesses the 14% policy rate hold as affecting business borrowing costs amid simultaneous pressure from rising fuel and utility costs.
Sep 24, 2026
Cedi Falls 9.5% in 2026
BoG data puts nine-month cedi depreciation at 9.5%, adding a concrete forex loss figure to the exchange-rate risks flagged at the MPC meeting.
Sep 23, 2026This story
BoG Flags 5% Inflation Risk
The Bank of Ghana's Monetary Policy Committee has flagged rising inflation risks as the rate climbs to 5%, signalling caution ahead of its forthcoming policy rate decision. The BoG has separately identified short-term debt financing and government expenditure as key risks to liquidity and the exchange rate, while also noting that global conditions are weighing on the cedi as the US dollar strengthens.