BoG lowers policy rate from 25 to 21.5%

The Bank of Ghana’s (BoG) Monetary Policy Committee has lowered its benchmark policy rate by 350 basis points to 21.5%; citing a steady decline in inflationary pressures.Ghanaian Cultural Tours It was a majority decision by the MPC members. The reduction is the second major cut this year as the central bank seeks to stimulate credit growth and support economic recovery albeit threats to currency stability and elevated risks of the proposed upward utility tariff adjustments. 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% – a rate which was held steady during the May 2025 meeting. Governor of the Bank, Dr. Johnson Asiama while addressing the press at the end of the 126th MPC meeting on Wednesday, September 17, 2025 attributed the rate cut to anticipated sound monetary policy reforms and ongoing fiscal consolidation efforts despite the underlying risks.