Ghana signals rate cut as inflation hits three-year low

• Cedi strength and reserve boost support policy easing
• Analysts split on timing, with local firms tipping imminent cut

ACCRA, GHANA – Ghana’s central bank has signalled it may begin easing monetary policy after headline inflation dropped to 13.7%—its lowest in more than three years and just 3.7 percentage points above the upper target band—raising expectations of a rate cut at the Monetary Policy Committee (MPC) meeting on Friday, July 18.