The Bank of Ghana has reduced the Monetary Policy Rate from 18% to 15.5%, marking its first policy decision of 2026.
This 250 basis-point cut reflects improving domestic and global macroeconomic indicators, with inflationary pressures continuing to ease.
Governor Dr. Johnson Asiama notes that inflation fell to 5.4% year-on-year in December 2025, providing room for the rate cut. The decision is expected to lower borrowing costs for businesses and households, potentially boosting investment and economic growth.
Dr. Asiama emphasizes that while Ghana’s economic indicators have improved and that the central bank must remain vigilant and balance growth with credibility.
The country’s gross international reserves have risen to $13.8 billion, covering 5.7 months of imports.
This policy shift is seen as a positive step towards stimulating economic activity and supporting development initiatives.
