The Bank of Ghana(BoG) has cut the Monetary Policy Rate from 18 per cent to 15.5 per cent in a majority decision, signaling a continued easing of borrowing costs for businesses and households.
Governor Dr. Johnson Asiama announced the move at a press briefing following the 128th Monetary Policy Committee (MPC) meeting at Bank Square in Accra on Wednesday, January 28.
This is the central bank’s first policy decision of 2026, reflecting a forward-looking approach aimed at maintaining price stability while supporting economic growth.
At its last meeting in November 2025, the MPC reduced the rate by 350 basis points to 18 per cent, responding to steadily falling inflation. The latest cut of 250 basis points comes amid expectations of further improvements in both domestic and global macroeconomic conditions.
“The committee voted to lower the monetary policy rate by 250 basis points to 15.5 per cent. We will continue to monitor developments closely and take appropriate policy action,” Dr. Asiama said.
