The Bank of Ghana’s (BoG) Monetary Policy Committee has reduced the policy rate by 350 basis points to 21.5%.
The decision, approved by a majority of the committee members, is part of the central bank’s strategy to stimulate credit growth and support the nation’s economic recovery.
BoG Governor Dr. Johnson Asiama announced the reduction while addressing the press at the conclusion of the 126th Monetary Policy Committee meeting on Wednesday, September 17, 2025.
Dr. Asiama attributed the rate cut to the anticipated effectiveness of sound monetary policy reforms and ongoing fiscal consolidation efforts, acknowledging the presence of underlying risks.
“The view of the Committee was that inflation will continue to ease in the near term in the outlook. Given these considerations, the Committee in a majority decision decided to reduce the policy rate by 350 basis to 21.5%”, the Governor said.
In July 2025, the rate was reduced by 300 basis points from 28% to 25%.
This was after a marginal hike in March 2025 from 27% to 28%.
