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BoG’s 18% Policy Rate Marks Turning Point For Economy – Ato Forson

By Emmanuel Nkansah Abankwah Last updated Nov 27, 2025 0

Finance Minister Dr Cassiel Ato Forson has applauded the Bank of Ghana’s decision to slash the monetary policy rate to 18 per cent, describing it as a major step forward in the country’s economic turnaround.

The new rate, now at its lowest point since March 2022, marks a 350-basis-point reduction and, according to Dr Forson, reflects renewed confidence in Ghana’s economic trajectory.

In a post shared on X, the minister said the central bank’s move is aligned with Ghana’s improving macroeconomic environment, especially the consistent decline in inflation, which has fallen to 8 per cent as of October 2025, a dramatic drop from 27 per cent in November 2024.

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“The Bank of Ghana’s monetary policy easing continues,” he wrote. “This reflects stronger economic fundamentals and sustained disinflation.”

Dr Forson added that the sharp rate cut is expected to boost lending, lower the cost of credit, and expand opportunities for businesses and households.

“The move means lower borrowing costs, improved access to credit, and greater room for businesses and individuals to grow, invest, and create jobs,” he noted.

He further emphasised that the rate cut is a clear indication of strengthening recovery momentum, providing a more supportive financial environment to accelerate growth.

Concluding on a hopeful note, the minister said:
“The recovery is clearly strengthening, and it can only get better!”