Ghana cuts benchmark interest rate to 15.5% as inflation collapses

• Policy rate cut to 15.5% as inflation falls sharply
• Stronger growth, currency and fiscal metrics support easing

ACCRA, GHANA – Ghana’s central bank cut its benchmark interest rate by 250 basis points to 15.5% on Wednesday, extending its easing cycle as inflation cools faster than expected and economic growth strengthens.

The decision was taken by a majority vote of the Monetary Policy Committee at its 128th meeting, Governor Dr Johnson Pandit Asiama told a press briefing in Accra, citing rapid disinflation, a firmer currency and improved fiscal and external positions.