West Africa: Ghana MPC Meets Amid 5 Percent Inflation, Currency Pressure

Ghana’s Monetary Policy Committee (MPC) has begun its September meeting as inflation rises to 5% and renewed pressure on the Ghana cedi adds to the challenges facing the Bank of Ghana.

The MPC had commenced its deliberations after inflation rose from 4.6% in July to 5% in August, while exchange-rate pressures and external risks, including developments in the Middle East and US interest rates, are expected to influence the central bank’s policy-rate decision.

The rise in inflation signals renewed…