Dr Johnson Asiama is the Bank of Ghana Governor
The Bank of Ghana (BoG) has cut its policy rate by 350 basis points, reducing it from 21.5 percent to 18 percent, following the conclusion of its 127th Monetary Policy Committee (MPC) meeting.
The decision was reached after a majority vote by members of the MPC.
The policy rate guides the interest rates at which banks extend credit to businesses and households, making it a critical tool for managing inflation, investment, and overall economic activity.
Announcing the new rate at a press briefing on Wednesday, November 26, 2025, the Governor of the Bank of Ghana, Dr Johnson Asiama, emphasised that the Committee remains optimistic about maintaining price stability to keep inflation within the target band.
Inflation currently stands at 8.0 percent as of October 2025.
LIVESTREAMED: Bank of Ghana holds 127th MPC press briefing
“The Bank projects a continued stable inflation profile around the target and well into the first half of next year, 2026. This is against the backdrop that current risks in the outlook to shift the path of inflation away from target have moderated significantly,” the BoG Governor said.
He explained that with risks to the inflation outlook receding and real interest rates remaining significantly high, the Committee judged that conditions were right to reduce the policy rate to stimulate economic activity.
“Given these considerations, the Committee, by majority decision, voted to lower the monetary policy rate further by 350 basis points to 18.0%,” he added.
He further assured that the Committee will continue to monitor developments and take appropriate policy decisions to ensure sound and stable macroeconomic conditions.
MA
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