The Bank of Ghana has reduced the country’s Monetary Policy Rate by a 150 basis points to 14%
The 129th meeting of the central bank’s Monetary Policy Committee (MPC) on Wednesday, March 18, 2026.
With macroeconomics improving, the drop in the policy rate in the MPC’s latest meeting signals a continued shift toward monetary easing, despite the heightened pressures in the Middle East which many expected to adversely affect the policy rate.
Governor of the Bank of Ghana, Dr. Johnson Pandit Kwasi Asiama, speaking at the MPC press briefing cited improvements in domestic macroeconomic conditions and high prevailing real interest rates for contributing to the reduction.
However, monetary authorities remain cautious about external risks.
The central bank identified escalating geopolitical tensions in the Middle East as a potential threat to the outlook, indicating its readiness to recalibrate policy should global conditions deteriorate.
ABOA praises Bank of Ghana for reducing Ghana reference rate
