Search

Ghana slashes interest rate to 25% as inflation falls, cedi rebounds

Photo by Markus Winkler @ Unsplash | Inflation
Photo by Markus Winkler @ Unsplash
  • Central bank cuts benchmark rate by 300 basis points in first move since 2023
  • Inflation drops to 13.7%, while the cedi gains over 40% against the dollar

 

ACCRA, GHANA – Ghana’s central bank has slashed its benchmark interest rate by 300 basis points to 25%, marking its first rate cut in more than a year, as inflation slows and the national currency rebounds sharply.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

Football fans on the street of Marrakesh, Morocco. Photo by Graddes @ Unsplash
Will Morocco’s $20bn World Cup gamble deliver growth?
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Will Ruto's Vision 2060 outlive Kenya's politics?
Read More »
Tigray renewed conflict. Photo/Tigray War - Wikipedia
Is Ethiopia's fragile Tigray peace finally collapsing again?
Read More »

Latest Posts

Latest news insights