The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has reduced the policy rate from 15.5 per cent to 14 per cent, signalling a shift in the central bank’s monetary stance in response to easing inflationary pressures.
The decision is expected to lead to a further decline in lending rates by commercial banks, potentially encouraging increased credit to the private sector.
The Governor of the Bank of Ghana, Dr Johnson Pandit Asiama, announced this at a press conference held by the committee at Bank Square in Accra on Wednesday, March 18, 2026.