adverts
BoG Cuts Policy Rate to 14% Despite Middle East Risks
The Bank of Ghana (BoG) has reduced its monetary policy rate by 150 basis points to 14 percent, marking a significant shift toward monetary easing amid improving economic conditions.
The decision was taken at the 129th meeting of the Monetary Policy Committee (MPC) held on Wednesday, March 18, 2026, and reflects growing confidence among policymakers in the country’s macroeconomic recovery.
Addressing the media at the MPC press briefing, Governor Dr Johnson Asiama said the rate cut was driven by notable improvements in key domestic economic indicators, including easing inflationary pressures and relatively high real interest rates.
adverts
According to him, the current policy stance aims to support economic growth while maintaining stability in the financial system.
The reduction in the benchmark rate is expected to influence lending rates across commercial banks, potentially lowering the cost of borrowing for businesses and individuals and stimulating economic activity.
Despite the positive outlook, the central bank cautioned that risks remain, particularly from the external environment.
The BoG highlighted escalating geopolitical tensions in the Middle East as a key concern that could impact global oil prices, inflation, and overall economic stability.
Governor Asiama stressed that the central bank remains vigilant and stands ready to adjust its policy stance if global developments threaten the country’s economic gains.
Click the link Puretvonline.com | WhatsApp Channel to join the WhatsApp channel
GOT A STORY?
Contact/WhatsApp: +233243201960 or manuelnkansah33@gmail.com
