Finance Minister Dr Cassiel Ato Forson has described the new policy rate announced by the Bank of Ghana as a turning point for the local economy.
He was responding to the decision by the central bank to peg the policy rate at 18 percent.
The latest figure is the lowest level since March 2022.
Commenting on it, the Minister stated that this will promote economic stability and a steady decline in inflation.
In a post he shared on his social media handles, Dr Forson, who currently acts as Defence Minister, added that “the Bank of Ghana’s monetary policy easing continues”.
According to him, the new policy rate amounts to a substantial 350-basis point reduction, which he believes will stimulate lending and reduce credit burdens on businesses and households.
“The move reflects renewed economic confidence, and it means lower borrowing costs, improved access to credit, and greater room for businesses and individuals to grow, invest, and create jobs,” he said.
In his view, this clearly shows that the country is heading towards stronger recovery momentum and a more supportive financial environment for growth, investment, and job creation.
“The recovery is clearly strengthening, and it can only get better!”
By: Rainbowradioonline.com/Ghana
