The Monetary Policy Committee (MPC) of the Bank of Ghana will today, Monday, September 15, 2025, begin its 126th regular meeting with attention fixed on the latest economic trends—declining inflation, a marginal slip in the cedi, and looming risks from possible utility tariff hikes.
The Committee will assess prevailing economic conditions and outline the policy direction of the central bank. At its last meeting in July, the MPC slashed the policy rate by 300 basis points to 25 percent, following five straight months of easing inflation.
Since then, inflation has continued its downward trend, falling further to 11.5 percent in August—below the government’s year-end target of 11.9 percent. Analysts say the disinflation process, supported by favourable base effects, has raised expectations of another policy rate cut this month.
However, the MPC’s decision may be tempered by lingering risks. Global trade tensions and a potential upward adjustment in utility tariffs present upside threats to inflation, while recent pressures on the cedi have also drawn attention.
Governor Dr. Johnson Asiama has sought to calm market concerns, describing the cedi’s recent slip as a seasonal phenomenon driven by trade-related demand, rather than a reversal of earlier stability gains.
The three-day meeting will conclude on Wednesday, September 17, 2025, with a press conference at which the Committee will announce its policy rate decision and provide its outlook for the Ghanaian economy.
