The Monetary Policy Committee (MPC) of the Bank of Ghana began its 127th meeting on Monday, November 24, 2025, with discussions expected to focus on Ghana’s macroeconomic developments amid strong disinflation and the possibility of a further policy rate cut.

Inflation has continued its downward trend, with consumer inflation falling to 8 percent in October 2025.

The meeting comes at a time when the cedi has seen relative stability following a brief depreciation earlier in the year.

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Ghana’s growth momentum has also strengthened, with real GDP (including oil) expanding by 6.3% in the second quarter of 2025, up from 5.1% in 2024.

Non-oil GDP grew by 7.8%, compared with 5.7% in the previous year, driven by improved activity in the services, construction, and agriculture sectors.

In September 2025, the MPC cut the policy rate by 350 basis points to 21.5%, down from 25% in July 2025.

According to the Governor of the Bank of Ghana, Dr Johnson Asiama, the move was intended to support the cedi’s stability and bolster the country’s economic recovery.

SP/MA

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