Read also:
- President Mahama Launches Construction of Poultry and Meat Processing Plant in Bechem
- Experts warn of rising mental health crisis among men
- Hong Kong fire death toll rises to 128 as officials say fire alarms not working properly
- Minority Leader Accuses Judiciary of Political Bias After Kpandai Ruling
- Bawumia Embodies Leadership Qualities NPP Needs, Says Ibrahim Adjei.
El MBN
Ghana’s economy is expected to receive a significant boost after the Bank of Ghana (BoG) reduced its monetary policy rate to 18%, the lowest in over three years. Finance Minister Dr. Cassiel Ato Forson hailed the move as a “major milestone” in Ghana’s economic recovery, reflecting renewed economic confidence and a shift from crisis response to growth acceleration.
The 350-basis point reduction is expected to ease credit conditions, boost investment, and reduce cost pressures on households and businesses. Dr. Forson noted that the policy action will unlock greater room for businesses and individuals to grow, invest, and create jobs.
The BoG’s decision is supported by Ghana’s improving macroeconomic indicators, including a decline in inflation from 27% in November 2024 to 8% in October 2025. The central bank’s move is expected to stimulate economic activity, support private-sector expansion, and promote job creation.
Governor of the Bank of Ghana, Dr. Johnson Asiama, emphasized that the Committee remains optimistic about maintaining price stability to keep inflation within the target band. 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.
