The Bank of Ghana (BoG) has maintained its benchmark monetary policy rate at 28%.
This is a cautious stance amid lingering inflationary pressures despite recent improvements in currency stability and macroeconomic indicators.
The decision was announced on Friday May 23, 2025 at the conclusion of the Bank’s Monetary Policy Committee (MPC) meeting.
It is to further anchor inflation expectations over fears that price pressures could resurface in the second half of the year.
“”, Governor, Dr. Johnson Asiama told the press at the Bank Square.
Industry players and sections of the private sector had hoped for a modest rate cut but the BoG is of the view the inflation outlook remains uncertain and requires a tight policy posture to safeguard recent macroeconomic gains.