The Bank of Ghana has further eased monetary policy by reducing the Monetary Policy Rate (MPR) by 250 basis points to 15.5%, down from 18%, citing improving macroeconomic conditions and sustained growth momentum.
The decision follows an earlier aggressive easing in late 2025, when the Monetary Policy Committee (MPC) cut the policy rate by 350 basis points amid falling inflation and strengthening real sector activity.
Announcing the outcome of the MPC meeting, Governor Dr Johnson Asiama said the committee was encouraged by the continued moderation in inflationary pressures and the resilience of economic growth. He noted that inflation remains within the Bank’s target band and is expected to stay stable into 2026, supported by tighter fiscal discipline, improved supply conditions and a more balanced inflation outlook.
According to Dr Asiama, the current policy stance reflects the Bank’s confidence that price stability can be preserved even as monetary conditions are eased further to support private sector activity.
“The MPC, by a majority decision, voted to lower the monetary policy rate by 250 basis points to 15.5%. The committee will continue to closely monitor developments and take appropriate policy actions to ensure that macroeconomic stability translates into sustainable growth,” he said.
The Governor added that real interest rates remain relatively high, providing room for a gradual adjustment of policy without jeopardising stability. The rate cut is expected to improve credit conditions and support investment, particularly in productive sectors, as GDP growth remains strong heading into 2026.
Dr Asiama assured that the Bank of Ghana will continue to closely track domestic and external developments and deploy its full range of monetary policy tools, including open market operations, to manage liquidity and anchor inflation expectations as the economic recovery takes hold.
