BoG warns oil prices above $100 could fuel inflation

Author: ghanaweb.comPublished on: November 7, 2026Country: Ghana

Business & Economy

BoG warns oil prices above $100 could fuel inflation

The Bank of Ghana has warned that global crude oil prices above US$100 a barrel pose a risk to the country’s inflation outlook and price-stability efforts. Governor Dr Johnson Asiama said the oil-price increase was among the external pressures behind the Monetary Policy Committee’s decision to keep the policy rate at 14% at its July and September meetings. He addressed Parliament’s Committee on Economy and Development on Friday, November 6, 2026.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

National Assembly explains why it rejected the government’s 2027 budget

PoliticsBusiness & EconomySenegal

senenews.com•31m ago

National Assembly explains why it rejected the government’s 2027 budget

On November 7, 2026, the National Assembly’s Finance and Budgetary Oversight Committee rejected the government’s budget proposals, including those for the Presidency, the Prime Minister’s Office and several other institutions. The proposed allocation for the Presidency was 223.86 billion CFA francs, up from 204.54 billion in 2026. Lawmakers cited inconsistencies in figures, doubts about the reliability of budget forecasts and missing essential documents, including the 2025 budget settlement law. The meeting was chaired by Alphonse Sambou and attended by Finance Minister Cheikh Diba and government representatives.

Gas Transportation Network Not Responsible for Drop in Power Generation, NNPC Says

Business & EconomyNigeria

vanguardngr.com•34m ago

Gas Transportation Network Not Responsible for Drop in Power Generation, NNPC Says

The Nigerian National Petroleum Company Limited (NNPC) says its gas transportation network remains available and has no constraints that would explain the decline in electricity generation. The statement, issued in Abuja by corporate communications chief Andy Odeh, responds to the Nigerian Independent System Operator’s November 5 assessment, which cited limited gas availability and reduced water inflows to hydroelectric stations. NNPC says gas production has risen by about 10 per cent year-to-date in 2026, but adds that the shortfall must also be assessed against power plant readiness, maintenance schedules and actual gas offtake. It called on gas suppliers, transporters, power generators and NISO to jointly review operational data.

Cheikh Diba explains why the National Assembly’s budget was cut

PoliticsBusiness & EconomySenegal

senenews.com•1h ago

Cheikh Diba explains why the National Assembly’s budget was cut

While presenting the 2027 draft finance bill to the Finance and Budgetary Control Committee, minister Cheikh Diba said the National Assembly’s budget would fall from 22.3 billion to 21.1 billion CFA francs. The reduction of about 1.2 billion CFA francs, or just over 5%, is attributed to an overall decrease in the institution’s spending. The document does not specify which budget items would be cut, unlike the explanations given for other institutions. Appropriations for the Supreme Court and Court of Auditors also decline, while the Constitutional Council’s budget increases.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox