The Bank of Ghana (BoG) has cut its Monetary Policy Rate by 150 basis points to 14%, signaling a continued shift toward monetary easing amid improving macroeconomic conditions.
The move, which is expected to provide relief to businesses through lower borrowing costs, comes even as the central bank flags emerging external risks that could weigh on the outlook.
The decision was announced on Wednesday, March 18, 2026, at the 129th Monetary Policy Committee (MPC) press briefing, following the Committee’s latest meeting.
Addressing the media, Governor Dr. Johnson Asiama said the rate cut was driven by strengthening domestic macroeconomic fundamentals, including easing inflationary pressures, improved fiscal conditions, and persistently high real interest rates, which provided room for policy easing.
He noted, however, that the central bank remains cautious, highlighting global uncertainties—particularly rising geopolitical tensions—as potential risks that could disrupt the gains made so far.
