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.

Recent Business

The beach off Matemwe in Zanzibar, Tanzania. Photo by Crispin Jones @ Unsplash
Zanzibar sees 4.9% rise in tourist arrivals despite seasonal dip
Read More »
Morocco @ Pexels
Morocco inflation stays negative in February as weak demand persists
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Toubani Resources begins Mali gold project amid global demand
Read More »

Recent Politics

A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »

Latest Posts

Latest news insights