Following its planned 108th meeting, the Monetary Policy Committee of the Bank of Ghana is anticipated to make a decision regarding the policy rate.

The Committee had previously delayed its announcement in order to coincide with the conclusion of the IMF mission team's visit to Ghana.

Prior to the postponement, the Bank stated that it was done so "to allow the decision on the policy rate to benefit from the broader talks to be held throughout the term."

The MPC reviewed economic developments from Monday, September 20, 2022, through Friday, September 22, 2022, during its regularly scheduled meeting.

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

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