The Bank of Ghana (BoG) has reduced its Monetary Policy Rate (MPR) by 350 basis points to 18%, a significant move aimed at stimulating economic growth and easing borrowing costs.
This decision, announced by the Monetary Policy Committee (MPC), reflects the country’s improved economic stability and progress in controlling inflation.
The reduction in the policy rate is expected to lower lending rates, providing relief to businesses and households grappling with high borrowing costs.
Governor Dr. Johnson Asiama emphasized that the MPC will continue to monitor domestic and external developments, taking necessary policy actions to maintain economic momentum.
This latest cut brings the total reduction in the MPR to 1,000 basis points in 2025 alone, signaling the central bank’s confidence in Ghana’s economic recovery.
The move is anticipated to stimulate economic activity, supporting growth while maintaining price stability.
