Bank of Ghana Cuts Policy Rate by 350 Basis Points to 18%
The Bank of Ghana has announced a significant reduction in its lending policy rate, cutting it by 350 basis points to 18%.
This marks one of the boldest monetary policy adjustments in recent years and signals growing confidence in the country’s inflation outlook and overall economic stability.
According to the central bank, the decision aims to:
- Ease the cost of borrowing for businesses and households
- Stimulate private-sector growth
- Support ongoing economic recovery efforts
Economists note that the reduction could improve access to credit, lower lending rates commercial banks offer, and boost investment across key sectors of the economy.
The Bank of Ghana says it will continue to monitor macroeconomic conditions closely to maintain stability while supporting growth.
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