Ghana cuts interest rates to 14% as inflation falls and growth strengthens

Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
Dr Johnson Asiama, Governor of the Bank of Ghana @ Facebook/BoG
  • Central bank slashes rate by 150 basis points
  • Inflation drops to 3.3% amid strong macro recovery

 

ACCRA, GHANA — Ghana’s central bank cut its benchmark interest rate by 150 basis points to 14%, signalling a policy shift as inflation falls and economic conditions improve.

The decision, announced after the 129th Monetary Policy Committee (MPC) meeting held from March 16–18, marks a decisive move towards easing after an extended period of monetary tightening.

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