The Monetary Policy Committee (MPC) of the Bank of Ghana has slashed the Monetary Policy Rate (MPR) by 250 basis points, lowering it from 18% to 15.5%.
The central bank attributed this move to favorable macroeconomic conditions and sustained growth momentum.
Following the MPC meeting, Governor Dr. Johnson Asiama noted a persistent decline in inflationary pressures alongside robust economic performance.
He explained that the current shift reflects the Bank’s confidence in maintaining price stability while easing conditions to bolster private sector growth.
“The MPC, by majority decision, voted to lower the monetary policy rate by 250 basis points to 15.5%. The committee will continue to monitor developments closely and take appropriate policy actions to ensure that the gains from macroeconomic stability are translated into sustainable growth,” he said.
Dr. Asiama observed that because real interest rates remain elevated, there is sufficient room for a gradual recalibration of policy without undermining stability.
Consequently, the Bank of Ghana will maintain a close watch on domestic and external developments, standing ready to adjust its stance to safeguard the economy.
The Governor reaffirmed the Bank’s commitment to deploying a full range of monetary tools—including open market operations—to manage liquidity and anchor inflation expectations effectively.
By: Rainbowradioonline.com/Ghana
