Ghana central bank holds rate at 14% amid inflation concerns

INVESTING.COMMay 20, 5:00 PM UTC

Key insights

  • Ghana's central bank held its lending rate at 14%, pausing easing due to inflation concerns heightened by the Middle East conflict. This introduces uncertainty into global markets, potentially impacting emerging market risk sentiment and commodity prices, indirectly affecting US equities.
Ghana central bank holds rate at 14% amid inflation concerns

Investing.com -- Ghana’s central bank kept its benchmark lending rate unchanged at 14% on Wednesday, pausing an aggressive easing cycle as inflation concerns prompted caution among policymakers.

The decision marks a halt to a year-long easing streak that saw the bank cut its policy rate from 28% in May 2025, effectively halving the rate as sharp disinflation allowed policymakers to unwind years of monetary tightening.

Governor Johnson Asiama said the Middle East conflict had stoked inflationary concerns and heightened policy uncertainty, with potential implications for the domestic economy through trade and financial channels.

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