ACCRA, Mar 18 – Ghana’s central bank has lowered its benchmark interest rate by 150 basis points, extending its monetary easing cycle amid improving macroeconomic conditions.
The Bank of Ghana reduced the policy rate to 14% on Wednesday, citing favourable domestic trends that have created room for further easing.
The latest move continues a series of significant rate cuts that began in July 2025, as policymakers respond to declining inflation and stabilising economic conditions.
Ghana has been among a number of African economies pursuing monetary easing in recent months, following a period of tight policy aimed at curbing inflation and stabilising currencies.
The central bank said the decision reflects confidence in the country’s macroeconomic outlook, with improving indicators supporting a more accommodative stance.
Lower interest rates are expected to help stimulate borrowing, support private sector activity and boost overall economic growth.
However, policymakers are likely to remain cautious as global uncertainties including geopolitical tensions and commodity price volatility continue to pose risks to the outlook.
