The Bank of Ghana has cut its benchmark Monetary Policy Rate by a significant 350 basis points to 18 percent, marking one of the most aggressive easing moves in recent years.

The central bank announced the decision on Wednesday, 26 November 2025, citing sustained progress in taming inflation, a stabilising currency, and improved macroeconomic conditions that have created room to support economic growth.

The sharp reduction is expected to translate into lower lending rates in the medium term, offering much-needed relief to businesses and households that have struggled with high borrowing costs.

Announcing the decision, Governor Dr. Johnson Asiama said the Monetary Policy Committee’s latest assessment shows the economy has entered a period of broadly improved stability.

“The bank projects a continued stable inflation profile around the target and well into the first half of next year, 2026,” Dr. Asiama stated, adding that “current risks in the outlook to shift the path of inflation away from target have moderated significantly.”

He explained that with risks to the inflation outlook receding and real interest rates remaining high, the Committee judged that conditions were right to reduce the policy rate to stimulate economic activity.

“Given these considerations, the committee, by majority decision, voted to lower the monetary policy rate further by 350 basis points to 18.0%,” the Governor confirmed.

With this latest cut, the central bank has now lowered the policy rate by a cumulative 1,000 basis points in 2025 alone, making this one of the most aggressive easing cycles in recent history.

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