Finance Minister Dr. Cassiel Ato Forson has praised the Bank of Ghana’s latest monetary policy decision, describing it as a major step forward in the country’s economic rebound. The commendation follows the central bank’s move to lower the policy rate to 18 percent — its lowest point since March 2022.
According to Dr. Forson, the adjustment reflects increasing economic stability and a sustained decline in inflation.
He observed that “the Bank of Ghana’s monetary policy easing continues,” noting the steady fall in inflation, which dropped to 8 percent in October from 27 percent in November 2024.
Sharing his views on X, the Finance Minister explained that the new rate represents a sharp 350-basis point cut. He believes this will encourage lending while easing credit pressures on households and businesses.
“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 stated.
Dr. Forson further emphasized that the policy shift signals stronger recovery momentum and a more supportive financial climate for investment, growth, and employment creation.
Ending on a hopeful note, he declared: “The recovery is clearly strengthening, and it can only get better!”
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