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.