Ghana’s Monetary Policy Committee has cut its benchmark interest rate by 300 basis points to 25%, delivering its most aggressive reduction since 2025’s disinflation trend began.
The decision, reached by majority vote during July 28-30 meetings, signals the Bank of Ghana’s intensified focus on stimulating economic growth while maintaining price stability.
This marks the ninth consecutive policy rate reduction since inflation peaked at 54% in late 2023, reflecting sustained progress toward the central bank’s medium-term target. The Committee explicitly tied future moves to continued disinflation, providing forward guidance that additional cuts could follow if price pressures keep easing.
“Our commitment remains anchored to the price stability mandate while creating conditions for inclusive and sustainable growth,” the MPC stated. The sharp reduction comes amid improving macroeconomic indicators, though policymakers remain vigilant about potential external shocks and currency risks.
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