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Ghana’s Central Bank cuts Rate by 250 Basis Points amid Improved Macroeconomic Conditions

The Bank of Ghana at its Monetary Policy Committee meeting held from Monday has cut the policy rate by 250 basis points to 15.5%. During a press briefing on Wednesday marking the end of the 3-day MPC meeting, Governor of the Bank of Ghana and MPC Chair, Dr. Johnson Asiama, noted that significant improvement in Ghana’s macroeconomic conditions buoyed by tight monetary policy stance, fiscal consolidation, and built-up reserves contributed to the decision to lower the Monetary Policy Rate further at its first meeting of the year 2026. [...]