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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.

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