The Governor of the Bank of Ghana (BoG), Dr Johnson Asiama, has urged commercial banks to make credit available to the real sector, particularly Small and Medium-Sized Enterprises (SMEs), in line with the recent policy rate cut.

On November 24, 2025, the Monetary Policy Committee of the Bank of Ghana reduced the policy rate by 350 basis points, from 21.5% to 18%, following a majority vote by its members.

Speaking at the Post-MPC Engagement with Heads of Banks on December 18, 2025, Dr Asiama emphasised that the drop in the rate must be reflected in banks’ lending operations to advance the country’s economic transformation agenda.

He noted that SMEs remain the backbone of every economy, underscoring the need for the sector to be fully supported in order to boost job creation and foster entrepreneurship.

BoG cuts policy rate further from 21.5% to 18%

“Banks must support the real sector by extending credit to productive enterprises, especially SMEs, and also drive innovation that enhances financial access and inclusion across the economy,” he said.

Dr Asiama further highlighted the bank’s commitment to creating a conducive environment for lending and investment.

He also called on banks to ensure that their measures have a strategic impact on businesses.



“Let us turn this recovery into a financial system that is both stable and catalytic in shaping Ghana’s prosperity,” he added.

Read the Governor of the Bank of Ghana's full speech below:



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