14.3 C
London
Friday, May 23, 2025

Bank of Ghana maintains policy rate at 28% after unanimous MPC decision

Bank of Ghana Headquarters Bank of Ghana Headquarters

The Monetary Policy Committee (MPC) of the Bank of Ghana has opted to keep the policy rate unchanged at 28 percent, following its 124th scheduled meeting.

Announcing the decision at a press briefing in Accra on Friday May 23, 2025, Governor of the Central Bank, Dr Johnson Asiama, stated that the committee reached the decision unanimously after assessing recent economic developments.

He noted that while inflationary pressures have shown signs of easing, uncertainties in the global economy and risks to the domestic outlook warranted a cautious approach.

The policy rate, used by the Central Bank to influence lending rates and control inflation, has remained a critical tool in managing Ghana’s economic stability amid external and domestic challenges.

More soon…

Latest news
Related news