Bank of Ghana Cuts Policy Rate to 14% Amid Improving Economic Conditions

The Bank of Ghana (BoG) has cut its Monetary Policy Rate by 150 basis points to 14%, following a decision by its Monetary Policy Committee (MPC).

The move, announced after the MPC meeting on Wednesday, March 18, 2026, signals a continued shift toward monetary easing amid improving macroeconomic conditions.

Speaking at the 129th MPC press briefing, Governor Dr. Johnson Asiama attributed the rate reduction to stronger domestic economic indicators and persistently high real interest rates.

Despite the positive outlook, the central bank maintained a cautious stance, pointing to external risks that could affect the economy.

In particular, the BoG highlighted rising geopolitical tensions in the Middle East as a potential downside risk, stressing its readiness to adjust policy if global conditions worsen.