The Monetary Policy Committee (MPC) of the Bank of Ghana is set to announce its decision on the policy rate, a key determinant of lending costs for the next two months.
The policy rate dictates the interest rate at which banks lend to businesses and the private sector, significantly influencing economic activity.
During its 123rd meeting in 2025, the MPC raised the policy rate by 100 basis points, from 27 percent to 28 percent, citing inflationary risks in the economic outlook.
At the opening of the 124th MPC meeting on Wednesday, March 21, 2025, the Governor of the Bank of Ghana, Dr Johnson Asiama, stated that Ghana’s economy is showing early signs of stabilisation, supported by recent policy measures and improving economic fundamentals, both domestic and external.
However, he was quick to caution that “the path ahead remains complex and fraught with risks, both global and domestic.”
The Governor also highlighted recent positive developments in the economy, including a notable decline in inflation and a strong appreciation of the cedi.
The Central Bank is expected to present the committee’s conclusions soon, including any changes to the policy rate and strategic measures aimed at ensuring macroeconomic stability and promoting sustained
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Source: www.ghanaweb.com
