The Monetary Policy Committee (MPC) of the Bank of Ghana has reduced the policy rate by 350 basis points to 21.5%, citing a steady decline in inflationary pressures.

The decision was reached by a majority vote among MPC members.

During the announcement at the end of the 126th MPC meeting on Wednesday, September 17, 2025, the Governor of the Bank, Dr Johnson Asiama, attributed the rate cut to anticipated sound monetary policy reforms and ongoing fiscal consolidation efforts, despite underlying risks.

This reduction marks the second major cut in 2025, as the central bank seeks to stimulate credit growth and support economic recovery.

In July 2025, the Bank of Ghana cut the policy rate by 300 basis points, from 28% to 25%.

This followed a marginal hike in March 2025, when the rate was increased from 27% to 28%, after remaining steady for a period.

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— Bank of Ghana (@thebankofghana) September 17, 2025