The Minister of Finance, Dr. Cassiel Ato Baah Forson, has lauded the central bank for its latest monetary policy announcement, saying it is a significant milestone in Ghana’s economic recovery.
He says the feat signals a growing economic stability and a steady decline in inflation.
His comments follows the Bank of Ghana’s (BoG) decision to reduce the police rate to 18 per cent, the lowest rate level recorded by the central bank since March 2022.
Dr. Forson, in a post on his X Wednesday, November 26, 2025, said “the Bank of Ghana’s monetary policy easing continues,” highlighting the consistent drop in inflation, which now stands at 8 per cent as of October, down sharply from 27 per cent in November 2024.
The Minister, who is the Member of Parliament for Ajumako Enyan Essiam in the Central region, explained that the new policy rate amounts to a substantial 350-basis point reduction, which he believes will stimulate lending and reduce credit burdens on businesses and households.
“The move reflects renewed economic confidence, and it means lower borrowing costs, improved access to credit, and greater room for businesses and individuals to grow, invest, and create jobs,” he said.
According to him, the policy adjustment signals a stronger recovery momentum and a more supportive financial environment which enhances growth, investment and job creation.
He expressed optimism that the development will get better in the foreseeable future. “The recovery is clearly strengthening, and it can only get better!”
The Bank of Ghana’s monetary policy easing continues.
With inflation now down to 8 percent in October, the central bank has taken another bold step by reducing the policy rate to 18 percent, a deep cut of 350 basis points.
This marks a drastic fall from the 27 percent recorded… pic.twitter.com/Qws5MY9ocH
— Cassiel Ato Forson (PhD) (@Cassielforson) November 26, 2025
