The 108th meeting of the Monetary Policy Committee of the Bank of Ghana has been postponed.

To "enable the decision on the policy rate to benefit from the broader talks to be held over the period," it has been decided to reschedule the meeting to fall on the same day as the IMF mission's conclusion.

The Bank of Ghana provided this information in a press release on September 22, 2022.

The Bank of Ghana's Monetary Policy Committee (MPC) was scheduled to hold its 108th regular meeting from Monday, September 20, 2022, to Friday, September 23, 2022, to discuss economic developments.

The meeting was expected to conclude with a press conference on Monday, September 26, 2022, to announce the committee's decision.

But the BoG has said, “a decision on the stance of monetary policy will be announced on October 7, 2022."

Meanwhile, inflation for the month of August hit 33.9% with food and transportation being the major contributors.

With the rise in inflation, it is expected that the committee will further hike the policy rate.