Monetary Policy Rate Reduced by 300 Basis Points to 25 Per Cent
Accra: The Monetary Policy Committee (MPC) of the Bank of Ghana has announced a reduction in the policy rate by 300 basis points, bringing it down to 25 percent from the previous 28 percent. Dr. Johnson Pandit Asiama, the Governor of the Bank of Ghana, communicated this decision at a press briefing following the conclusion of the MPC’s 125th regular meetings in Accra. He noted that the decision was influenced by notable improvements in the nation’s economic landscape. According to Ghana News Agency, Dr. Asiama highlighted that macroeconomic conditions have improved significantly, with inflation expectations broadly anchored and external buffers