The Bank of Ghana (BoG) has, by a majority decision, reduced the Monetary Policy Rate (MPR) from 18% to 15.5%, marking its first policy decision of 2026.
Dr. Johnson Asiama, Governor of the Bank of Ghana, announced the decision during a press briefing at Bank Square on Wednesday, January 28, following the 128th Monetary Policy Committee (MPC) meeting.
The cut follows a significant 350-basis-point reduction in November 2025, when the MPR was lowered from 21.5% to 18% in response to easing inflationary pressures.
With the latest reduction of 250 basis points, the central bank is signaling continued support for growth while maintaining a cautious approach to price stability.
“The committee voted to lower the monetary policy rate by 250 basis points to 15.5%. We will continue to monitor developments closely and take appropriate policy actions as necessary,” Dr. Asiama said.
The governor explained that the decision reflects anticipated improvements in key macroeconomic indicators both domestically and globally.
He emphasized that the Bank of Ghana remains committed to a measured and forward-looking policy stance to balance economic growth with inflation management.
