PricewaterhouseCoopers (PwC) has urged the Bank of Ghana to reconsider its decision to adjust the monetary policy rate at its meeting scheduled from Monday, November 24 to Wednesday, November 26, 2025.
It noted that external factors such as the rising Islamist insurgency in the Sahel could threaten the country’s growth trajectory.
Speaking to the media on the sidelines at the PwC 2026 Post-Budget Forum, PwC Ghana’s Country Senior Partner, Vish Ashiagbor, premised his position on an assessment done by the UK-based Fitch Solutions.
The firm says although Ghana’s economic outlook remains robust, external risks could affect the gains made so far.
He has therefore advised the central bank to balance the sharp decline in inflation with these emerging vulnerabilities as it reviews the current 21.5% policy rate.
He said although a rate cut would be positive, maintaining the rate is the more likely outcome.
“I wouldn’t be surprised if the rate is held,” he said. “Inflation has dropped significantly and is now within the Bank of Ghana’s target band of 8 percent plus or minus 2, so there’s room for a cut. But Fitch has reminded us that risks are still out there, so caution is key.”
“A cut would be good, but with so many variables at play, I wouldn’t be surprised if the committee decides to maintain the rate.”
By: Rainbowradioonline.com/Ghana
