Today is the day Ghana waits for the Bank of Ghana’s (BoG) Monetary Policy Committee (MPC) announcement, as investors, businesses, and households brace to see whether interest rates will rise, fall, or stay put.
The meeting began on Monday with clear signals. Governor Johnson Pandit Asiama painted an optimistic picture of the economy, noting headline inflation at 8 percent, core inflation between 5–7 percent, and a broadly stable cedi supported by FX reforms and rising reserves.
He stressed that the central bank is walking a tightrope, balancing price stability, financial sector health, and real-sector recovery.
2025 has already been a rollercoaster for Ghana’s Monetary Policy Rate. Rates started the year at 27 percent, ticked up to 28 percent in the first half, only to plunge to 25 percent in July, and drop further to 21.5 percent by October. Each move reflected the BoG’s effort to tame inflation while keeping the economy moving, responding to FX pressures, credit conditions, and broader growth dynamics.
Now, all eyes are on today’s 1 PM briefing. The decision will set the tone for borrowing costs, investment decisions, and market confidence, and markets are waiting with bated breath to see the path the central bank charts into 2026.
