The Monetary Policy Committee (MPC) of the Bank of Ghana will hold its 129th Regular Meeting from Monday, March 16, 2026, to Wednesday, March 18, 2026.
The committee is set to review developments in the economy.
The meetings will conclude with a press conference on Wednesday, March 18, 2026, to announce the Committee’s decision.
At the 128th Monetary Policy Committee meetings held from 26 to 28 January 2026, the Committee, by a majority decision, reduced the Monetary Policy Rate (MPR) by 250 basis points to 15.5 percent.
One of the MPC members argued that, global economic activity remained solid in 2025 and is projected to grow by 3.3 percent in 2026. Inflation has eased across major economies, prompting most central banks to loosen monetary policy.
Improved global financial conditions—supported by a softer US dollar and lower global yields—provide a favourable backdrop, although geopolitical tensions, disorderly tariff adjustments, and oil price volatility continue to pose risks.
Domestically, macroeconomic conditions have strengthened further. Inflation declined for the twelfth consecutive month to 5.4 percent in December 2025, driven by stable exchange rate conditions, improved supply dynamics, and earlier policy measures.
Inflation expectations among consumers, firms, and financial market participants as well as economic experts have also fallen, reinforcing the disinflation trend.
