The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has noted marked improvements in the country’s macroeconomic environment, prompting a significant cut in the policy rate.

At its latest meeting, a majority of MPC members voted to reduce the policy rate by 250 basis points to 15.5 per cent, from the previous 18 per cent. According to the Committee, the decision reflects rising confidence in the ongoing disinflation process and the strengthening of key macroeconomic indicators.

Speaking at the 128th MPC press conference in Accra on Wednesday, January 28, the Governor of the Bank of Ghana and Chair of the Committee, Dr. Johnson Asiama, said the Ghanaian cedi had appreciated against major international currencies and remained largely stable.

He also revealed that core inflation— which excludes energy and utility prices—had eased, signalling reduced underlying price pressures in the economy.

Dr. Asiama further noted that global financial conditions had improved significantly across both advanced and emerging economies, creating a more supportive external environment for Ghana’s economic recovery.

On the domestic front, he said economic growth had strengthened over the year, supported by improving macroeconomic stability. He also disclosed that public debt had declined to 45.5 per cent of GDP as at the end of November 2025.

“The Committee, by a majority decision, lowered the policy rate by 250 basis points to 15.5 per cent,” Dr. Asiama announced, underscoring the MPC’s optimism about the current economic outlook.