The policy rate was drastically lowered by the BoG’s MPC from 28% to 25%.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has significantly reduced the policy rate to 25 percent from 28 percent.

The chairman of the committee, who is also the Governor of the BoG, Dr. Johnson Asiama, made the announcement on Wednesday, July 30, 2025 at a press briefing in Accra.

He disclosed that the majority of the 7-member committee voted to reduce the policy rate.

He also pointed out that there are upside risks to the inflation outlook, which include potential supply chain challenges emanating from the global trade tensions and upward adjustments in utility tariffs.

Source: newsthemegh.com