The Bank of Ghana has cut its Monetary Policy Rate (MPR) by 350 basis points to 18 percent, marking one of the significant policy easing decisions in recent years.
The policy rate—used as the benchmark for lending rates across the banking sector—is the central bank’s primary instrument for controlling inflation and steering overall monetary conditions in the economy.
The reduction follows sustained progress in controlling inflation, stabilising currency, and improving macroeconomic conditions, which have created room to support growth.
The rate cut should make loans cheaper over time, giving relief to businesses and families struggling with high interest costs.
Earlier, in July 2025, the Bank also reduced the MPR by 300 basis points, from 28 percent to 25 percent, reflecting a clear policy shift toward economic recovery amid easing inflationary pressures.
