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The Monetary Policy Committee (MPC) of the Bank of Ghana has reduced the policy rate to 15.5 per cent.

This was announced by the Chair of the MPC, Dr Johnson Asiama, during the 128th Monetary Policy Committee (MPC) press conference.

Global financing conditions have eased considerably in both advanced and developing economies, Dr Asiama said.

The global dimensions are expected to be favourable for the domestic economy. On the domestic front, he said, growth gained momentum over the year.

The bank’s core inflation measure, which excludes energy and utility prices, also eased.

Regarding the public debt, Dr Asiama stated that it declined to 45.5% of GDP at the end of November 2025.  On the local currency, he said that the cedi strengthened against the major trading currencies and has remained stable.

The committee noted that macroeconomic conditions have improved significantly.

“The committee, by a majority decision, lowered the policy rate by  250 basis points to 15.5 per cent,” Dr Asiama said.

More soon…