Monetary policy
Bank of Ghana Policy Rate
14.00%
Bank of Ghana policy rate
Last set 31 Aug 2026
The Bank of Ghana monetary policy rate is the benchmark interest rate set by the Monetary Policy Committee. It steers lending rates and inflation, and it is one of the main levers behind the cedi's value. The current rate is shown above.
Recent decisions
- 31 Aug 2026
- 14.00%
- 31 Jul 2026
- 14.00%
- 30 Jun 2026
- 14.00%
- 31 May 2026
- 14.00%
- 30 Apr 2026
- 14.00%
- 31 Mar 2026
- 14.00%
- 28 Feb 2026
- 15.50%
- 31 Jan 2026
- 15.50%
Frequently asked questions
- What is the Bank of Ghana policy rate today?
- The Bank of Ghana policy rate is 14.00%, last set on 31 Aug 2026.
- How often does the policy rate change?
- The Monetary Policy Committee meets roughly six times a year and can hold or change the rate at each meeting, so it moves irregularly rather than on a fixed schedule.
- How does the policy rate affect the cedi?
- A higher policy rate tends to cool inflation and can support the cedi by making cedi assets more attractive; a lower rate does the opposite. It also feeds through to bank lending rates.