Bank of Ghana Reduces Monetary Policy Rate by 350 Basis Points to 21.5 Percent
Accra: The Monetary Policy Committee (MPC) of the Bank of Ghana has announced a significant reduction in the monetary policy rate, slashing it by 350 basis points to 21.5 percent from the previous rate of 25 percent. The decision was driven by the ongoing disinflation process. According to Ghana News Agency, Dr. Johnson Asiama, the Governor of the Bank of Ghana, explained during a press conference that the committee anticipates continued easing of inflation in the near term. This outlook was arrived at after the 126th MPC meeting, where recent economic developments were evaluated, and risks to the inflation and