The Bank of Ghana (BoG) has slashed its benchmark policy rate by 300 basis points, reducing it from 28 percent to 25 percent.
This significant drop—one of the most aggressive in recent years—signals renewed confidence in Ghana’s macroeconomic stability and provides potential relief for borrowers as commercial banks adjust lending rates.
The decision was announced following the July 2025 Monetary Policy Committee (MPC) meeting, which cited sustained disinflation and a relatively stable currency as key factors.
At the 125th monetary policy announcement on Wednesday, July 30, Governor Dr. Johnson Asiama acknowledged existing risks but maintained that the Central Bank would continue to monitor economic conditions closely.
“The MPC, by a majority decision, voted to lower the monetary policy rates by 300 basis points to 25%. Looking ahead, the Committee will continue to assess incoming data and likely reduce the policy rate further should the disinflation trend continue,” Dr. Asiama told the press.
