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Bank of Ghana Cuts Policy Rate by 200 Basis Points to 27%

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Joshua Worlasi Amlanu

Joshua Worlasi Amlanu is a seasoned business and financial journalist with a decade of expertise.
  • Decision follows sustained disinflation and strong economic growth
  • Inflation projected to ease further, targeting 13-17% by end of 2024

 Accra, Ghana – The Bank of Ghana has announced a 200-basis-point cut in its monetary policy rate, reducing it from 29% to 27%, following the 120th Monetary Policy Committee (MPC) meeting on Friday. The move is attributed to ongoing disinflation and robust economic growth expected in 2024.

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