Ghana Central Bank: Liquidity growth slowed in the first four months of 2026

According to the May 2026 Monetary Policy Report of the Bank of Ghana, the annual growth in broad money supply (M2+) decelerated to 22.2 percent in…

This decline was primarily driven by a sharp drop in the contribution of Net Foreign Assets (NFA) to the money supply. The appreciation of the Cedi in 2025 affected this situation by reducing the local…