Bank of Ghana Cuts Policy Rate to 15.5%

The Bank of Ghana has, by majority decision, reduced the Monetary Policy Rate from 18 percent to 15.5 percent.

Governor of the Bank, Dr. Johnson Asiama, announced the move at the 128th Monetary Policy Committee (MPC) press briefing held at the Bank Square on Wednesday, January 28.

This marks the first policy adjustment by the Central Bank in 2026, as it maintains a cautious and forward-looking stance aimed at safeguarding price stability.

At its previous meeting in November 2025, the MPC lowered the rate by 350 basis points to 18 percent, citing sustained easing of inflationary pressures.

Explaining the latest cut, Dr. Asiama said the decision to reduce the rate further by 250 basis points was informed by expectations of improved macroeconomic conditions both domestically and internationally.

“The committee voted to lower the monetary policy rate by 250 basis point to 15.5%. The committee will continue to monitor development closely and take appropriate policy action,” he stated.

The reduction is expected to influence borrowing costs and investment decisions, with analysts watching closely to see how the move will impact inflation trends and overall economic activity in the months ahead.