BoG MPC Begins 126th Meeting With Focus on Inflation and Cedi Stability
The Monetary Policy Committee (MPC) of the Bank of Ghana begins its 126th regular meeting today, Monday, September 15, 2025, against the backdrop of a steady decline in inflation and renewed pressure on the cedi.
The three-day meeting will review recent macroeconomic developments and set the direction of monetary policy. It will conclude with a press briefing on Wednesday, September 17, when the policy rate decision and the central bank’s outlook will be announced.
At its previous sitting in July, the MPC cut the policy rate by 300 basis points to 25 percent, citing disinflationary gains. Inflation has since eased further to 11.5 percent in August, below the year-end target of 11.9 percent, bolstering market expectations of another rate cut this month.
Analysts, however, caution that risks remain. Potential upward adjustments in utility tariffs and persistent global trade uncertainties could feed into inflationary pressures, limiting the Committee’s room for aggressive policy easing.
On the exchange rate front, Governor Dr Johnson Asiama has sought to allay concerns, attributing the cedi’s recent marginal slippage to seasonal trade-related demand rather than a reversal of the currency’s relative stability.
The MPC’s decision will be closely watched by investors, businesses, and financial markets, as it signals the central bank’s balancing act between sustaining growth momentum and guarding against inflationary risks.
