Jerry-Nelson/ghana-mpr-dashboard

Analyzing Bank of Ghana's MPR and it's relationship with other Macro Economic Variables. # 📊 Ghana Monetary Policy Rate (MPR) Dashboard — 2022–2026 > Bank of Ghana · 129th MPC · March 2026 > Sources: BoG SEFD & Ghana Statistical Service --- --- ## 🗂️ Project Overview This Power BI dashboard analyzes how Ghana's Monetary Policy Rate (MPR) influenced key macroeconomic indicators over 51 months (January 2022 – February 2026), developed in the context of the 129th MPC meeting in March 2026, which announced a 150bps cut to the MPR. The dashboard has two pages: | Page | Description | |---|---| | 📌 Overview | MPR dynamics against inflation, exchange rate, T-bill rates, and reserves | | 📉 Policy Analysis & Outlook | 150bps cut implications, forecasts, and risk assessment | --- ## 📌 Key Metrics — March 2026 | Indicator | Value | Change vs. Start | |---|---|---| | Monetary Policy Rate | 14.0% | −0.5pp | | GIR Import Cover | 5.80 months | +1.44 months | | Headline Inflation | 3.30% | −10.6pp | | 91-Day T-bill Rate | 4.82% | −7.8pp | | Exchange Rate (GHS/USD) | 10.76 | +4.8% | | Real Interest Rate | 12.2% | — | | Lending Rate Spread | 3.46% | — | | Inflation Sensitivity to MPR | 3.18% per 1pp | — | | Cumulative MPR Cut from Peak | 16.00% | from 30.0% peak | --- ## 📈 Page 1 — Overview Tracks MPR dynamics against headline, food, and non-food inflation (3-month lag), monetary transmission via lending and T-bill rates, monthly GHS/USD exchange rate, and gross international reserves. Latest inflation composition: 62.5% non-food, 37.5% food. --- ## 📉 Page 2 — Policy Analysis & Outlook Covers the real interest rate trend, MPR vs inflation correlation (R²), a 6-month inflation forecast (Mar–Aug 2026) within BoG's 8±2% target band, lending rate spread evolution, and a structured risk assessment of the 150bps cut. --- ## 🏦 Policy Context Ghana's MPR peaked at 30.0% during the 2022–2023 crisis as inflation hit 54.1%. Aggressive tightening by the Bank of Ghana successfully: - Restored positive real interest rates by mid-2024 - Brought headline inflati …