Ghana’s central bank paused its aggressive monetary easing cycle on Wednesday, holding its benchmark lending rate steady at 14 percent.
Policymakers enacted the pause due to mounting domestic inflation concerns, ending a consecutive streak of sharp interest rate cuts.
The bank previously halved its policy rate from 28 percent in May 2025 as rapid disinflation permitted monetary loosening.
Central Bank Governor Johnson Asiama stated that the escalating conflict in the Middle East has stoked fresh global inflationary anxieties.
Asiama noted that this geopolitical tension heightens policy uncertainty, threatening the domestic economy through critical trade and financial channels.
The decision reflects a cautious shift as global market instability disrupts the central bank’s previous trajectory of economic stabilization.