Ghana Bank of Ghana monetary policy rate
Ghana Bank of Ghana monetary policy rate is 14 percent, in force since 18 Mar 2026. It was 15.5 percent before that. Last checked against the official source on 15 Sep 2026.
Bank of Ghana Monetary Policy Rate (MPR), set by the bimonthly Monetary Policy Committee; effective on announcement day.
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| Current value | 14 percent |
|---|---|
| In force from | 2026-03-18 |
| Official source | Bank of Ghana — MPC Press Release, 131st MPC meetings (20-22 July 2026, announced 22 July): 'the Committee, by unanimous decision, maintained the Monetary Policy Rate at 14.0 percent' |
| Last verified | 2026-09-15 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Set at the 129th MPC (-150bps, 5-1 vote) and reaffirmed unanimously at the 130th MPC (20 May 2026) after five consecutive cuts totalling 1,400bps as inflation fell from 23.8% (Dec 2024) to 3.4% (Apr 2026). NEXT DECISION: 131st MPC (20-22 July 2026): HELD at 14.0% by unanimous decision - June 2026 headline inflation 5.3%, below the 8±2% band's lower bound; the hold was judged appropriate amid Middle East conflict / oil-price risks. Next: 132nd MPC scheduled 22-24 September 2026, announcement 24 September - re-verify then (an automated re-verification deadline is set for that date). An outside review on 2026-08-07 caught the previous note still anticipating the 131st meeting sixteen days after it happened; every dated expectation in these notes is now checked automatically once its date passes.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-01-28 | 15.5 | Bank of Ghana — 128th MPC press release |
| 2025-11-26 | 18 | Bank of Ghana — 127th MPC press release |
| 2025-09-17 | 21.5 | Bank of Ghana — 126th MPC press release |
| 2025-07-30 | 25 | Bank of Ghana — 125th MPC press release |
| 2025-03-28 | 28 | Bank of Ghana — 123rd MPC press statement (held at 124th… |
| 2025-01-27 | 27 | Bank of Ghana — 122nd MPC press statement (rate carried… |
Get it programmatically
curl https://afriref.dev/v1/gh/policy-rate
# $0.005 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://afriref.dev/v1/gh/policy-rate/history?from=2020-01-01
# Provenance: curl https://afriref.dev/provenance/gh/policy-rateOther Ghana series: Statutory interest (C.I. 52) · VAT standard rate · VAT registration threshold · National daily minimum wage · Public holidays · CPI inflation (year-on-year) · Corporate income tax rate · Withholding tax rates · Personal income tax brackets · Statutory social-insurance contributions
The same figure elsewhere: Kenya · Lesotho · Mali · Mauritius · Morocco · all 34