Reduce the MPC Rate to Ease Cost of Borrowing, Stimulate Business Growth
Accra: The Ghana National Chamber of Commerce and Industry (GNCCI) is urging the Bank of Ghana (BoG) to consider a downward revision of the Monetary Policy Rate in its upcoming 125th Monetary Policy Committee meeting. The recommendation was informed by recent conducive macroeconomic developments that signal easing the tight monetary conditions to support private sector growth. According to Ghana News Agency, a statement issued in Accra and signed by Mr. Stephane Miezan, President of GNCCI, said the Chamber has taken note of the favorable macroeconomic trajectory. This includes a consistent decline in headline inflation from 23.8 percent in December 2024