Ghana's central bank left its policy rate steady at 16.0 percent but said it would not "hesitate to take immediate and decisive policy actions including on a tighter monetary policy stance, should these risks materialize and threaten to dislodge the disinflation process."

Ghana's central bank cut its policy rate by another 100 basis points to 16.0 percent, saying current conditions provide scope to translate some of the recent gains in macroeconomic stability to the economy and the immediate risks to disinflation were contained.

The Monetary Policy Committee of the Bank of Ghana has kept its policy rate unchanged.

Ghana's central bank left its monetary policy rate steady at 17.0 percent, as expected, but said its latest inflation forecasts "show some marginal elevation of the disinflation path" when looking at the rise in petroleum prices, exchange rate depreciation, higher taxes, tighter global financial conditions and higher global inflation.